Who went up to buy control of retail FX and CFDS Avatrade broker? In what valuation?
Which Managing Director of Industry brought Startrader to the boat to start and execute his new institutional / b2b ARM, Starprime?
Why did EXNESS make 75 million euros to buy real estate in bullying?
What are the new brand campaigns that started from every Naga and Swissquote all this?
Some of the most read and commented news stories in the FX/CFD industry to appear in the last seven days in FNG included:
Top news of the FX and CFDS industry this week
Avatrade owned transfer was planning the valuation of $ 500 million. Calcalist Israeli news news reports that the FX and CFDS Broker Avatrade has issued a request to the Israeli capital market authority to approve a change in ownership in the company, which will see one of the two founders of Avatrade and the control of Avatrade and New Investor Group shareholders.
Exclusive: Jay Mawji joins Startrader as Starprime Managing Director. Exclusive FNG… FNG has learned that former Managing Director of Infinox Jay Mawji has joined the Startrader Retail FX Startrader and CFDS Brokerage, as chief executive of Startrader’s newly acquired Prime Services business, Starprime. Starprime is Startrader’s new institutional product. The focus will be to provide liquidity and technology services in stock markets, funds and Fintech companies across the CFDS industry.
Bybit tradfi starts as a Crypto Exchange adds FX and CFDS Trading. Bybit, the second largest exchange of encryption in the world, with the volume of transactions, announced the launch of the Bybit Tradfi, marking what the company calls another milestone in the development of the cryptographic platform to become a complete financial destination that serves all customers. Bybit’s initial invasion of CFDS Brokerage will take place through offshore capital, which has its residence in Mauritius.
Extension to Pafa? EXNESS buys € 75m real estate from the Bank of Cyprus. Cyprus News site Knows reports that the top online broker exness has acquired 75 million euros ($ 86 million) of property value from the Bank of Cyprus in Pafa. EXNESS, based in Limassol and one of the city’s largest employers, has been dealing with real estate in Limassol for several years.
NAGA reveals the brand construction campaign with the Bundesliga Borussia Dortmund football club. NAGA GROUP AG’s online brokerage and investment company (ETR: N4G) has revealed the newest brand creation campaign, in collaboration with the German Football Association of Bundesliga, Borussia Dortmund. Naga announced for the first time Borussia Dortmund’s sponsorship last September.
Swissquote starts the New Brand Campaign: Get your finances out of horns. The leading Swissquote Group Holding SA (SWX: SQN) online broker and Banking Company Holding Group Holding (SWX: SQN) SWISSQUOTE designs a series of common video, digital and printing ads, with new videos and online/offline spots to buy the new campaign. The new campaign was developed with the help of Swiss communication and the Cavalcade advertising agency.
Top executive movements of the FX industry this week
❑ GCEX hires Finalto Stanislav Bunimovich as CEO of APAC.
❑ GTN hires banker Jon Lester as Coo in the Middle East.
❑ Ricardo Grados joins Infinox to drive EFX’s institutional sales to Latam.
❑ Exclusive: The broker CFDS Neex expands Mena hiring Hietham Abdulhalim.
❑ TMGM hires Elpiniki Ester Gatzoudi Soriano from Squaredfinancial as a partnership manager.
❑ Exclusive: Head of compliance with the matching Anastasia Theofanous for perpetuals.com.