Why did it take nearly a year for retail prop trading firm FTMO to close on its acquisition of CFDs broker OANDA, first announced at the beginning of February?
Who was the first member of eToro’s senior management team to file to sell shares, now that the 180-day post IPO lockup is over?
Who are the new CEOs at BUX, and at FXTRADING.com?
What other senior executive moves were seen at CFI, Scandinavian Capital Markets, JT Markets, IG, ATFX, and CMC Markets, among others?
Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:
Top FX and CFDs industry news stories this week
Prop firm FTMO closes acquisition of CFDs broker OANDA. Czech based retail prop trading firm FTMO has announced that it has completed the acquisition of OANDA Global Corporation, one of the world’s leading online trading groups. The transaction has been in process since the beginning of this year, when FTMO signed a purchase agreement with the previous owner, CVC Capital Partners’ CVC Asia Fund IV. The parties did not disclose the value of the transaction. FTMO said it plans to maintain the OANDA group as a fully standalone business.
eToro Deputy CEO Hedva Ber files to sell $4 million in shares. FNG has learned via regulatory filings in the US that eToro “#2” Hedva Ber, who serves as Global COO and Deputy CEO of the online brokerage firm, is planning to cash out about $4 million in shares of the company. With eToro’s 180 day lockup on share sales by senior management now over following eToro’s May 2025 IPO, eToro executives can now start to monetize some of their stakes in the company, with Hedva Ber being the first to do so.
XM secures UAE SCA Category Five license. Leading online broker XM has announced that it has officially obtained a Category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates for new subsidiary XM Financial Products Promotion LLC, marking another key milestone in its continued global expansion. The new authorization allows XM to offer its full range of trading services and trusted products across the UAE through its new website, www.xm.ae.
Plus500 named clearing partner for CME and FanDuel event-based contracts platform. Online trading company Plus500 Ltd (LON:PLUS) announced today its appointment as a clearing partner for the CME and FanDuel’s new event-based contracts platform. Plus500 will provide brokerage-execution and clearing services for FanDuel Prediction Markets, a non-clearing Futures Commission Merchant (FCM) and joint venture between CME Group and FanDuel (part of Flutter Entertainment plc).
Tiger Brokers hits record Revenues in Q3 2025 topping $150M. UP Fintech Holding Limited (NASDAQ:TIGR), which operates the Tiger Brokers online trading brand, had another blowout quarter in Q3 2025, with Revenues topping $150 million for the first time while the company operated near record profitability. Trading volumes at Tiger Brokers actually declined in Q3 2025 from the previous quarter, with total volumes of $209.4 billion (or $70 billion monthly), versus $95 billion monthly in Q2.
Top FX industry executive moves this week
❑ BUX names longtime ABN AMRO exec Marlou Jenniskens as CEO.
❑ Australia CFDs broker FXTRADING.com hires Adam Phillips as CEO.
❑ CFI hires Martin Kiuru as CTO.
❑ Exclusive: Fred Gewirtz leaves SCM for Jonathan Brewer’s JT Markets.
❑ Exclusive: Longtime IG Group France head Ambroise Lion departs.
❑ Exclusive: ATFX hires Swissquote MENA Partnerships Manager Hamza Sahouri.
❑ Trading Technologies appoints Rajiv Shah as Head of Sales in EMEA.
❑ Exclusive: 24 Exchange adds Tradition / ADSS alum James Watson as Head of OTC Market Data.
❑ CMC Markets’ execution head Toby Morris departs.
❑ Exclusive: Kraken adds Pepperstone alum Stavros Vassiliades to head Cyprus compliance.
