How much does ABN Amro pay to buy Neobroker Bux?
Which commercial bank is acquired by the co -founder and chief executive of XM.com Costas Cleanthous?
Who is the new CEO of Infnox?
What are the latest results from a variety of FX and CFDS industry bodies, such as Plus500, GCEX, XTB, Dukascopy and Robinhood?
Which CFDS broker with a FCA license just had its business limited by the UK financial regulator? And why?
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
Exclusive: ABN Amro paid 68m euros to acquire the Neobroker Bux. Exclusive FNG… FNG has learned from some sources that the Dutch bank giant Abn Amro has paid 68m euros (US $ 77 million) in cash to acquire the Neobroker Bux based in Amsterdam last year. The parties had not yet officially released the terms of the transaction to date. Most of the investors in the BUX (including ABN Amro himself) apparently got a loss for the deal.
The CEO of XM.com Costas Cleanthous Acquireing Control of Cyprus Bank Ancoria. Sources in Cyprus, led by InbusinessNews and Cyprus Business News, say that Costas Cleanthous, co -founder and CEO of Retail FX and CFDS Broker Xm.com, acquires the majority of Accoria Bank, one of the largest banks in Cyprus. The Cyprus banking sector has undergone unification, with Eurobank in the process of acquiring the Hellenic Bank. Earlier this year, Alpha Bank Cyprus agreed to buy Astrobank in an agreement of 205m euros.
FCA restricts direct trading technologies. UK financial regulator The Financial Behavior Authority (FCA) has announced that it restricts UK Ltd (or short time) direct commercial technology from the conduct of regulated activities, preventing the execution of any regulated activities and restriction of access to its assets. The regulatory authority said it has found that DTT fails or is likely to fail to meet the standards required by an authorized business.
FX institutional volumes increase by 13% in April 2025 thanks to the variability of coins. Wild volatility in foreign exchange markets (and financial markets as a whole) following the import of US President Donald Trump’s offensive commercial invoices on April 2 “Liberation Day” has led to one of the most active months ever in FX institutional transactions.
Broker
The results of the FX and CFDS broker industry released last week include:
- XTB sees a record revenue of $ 155 million, but flat profit in Q1 2025.
- Dukascopy sees revenue and profits improve to 2nd 2024.
- GCEX sees revenue increased by 64% in 2024 to £ 3.8 million by Crypto CFDS Trading.
- RobinHood revenue is reduced by 9% QOQ to Q1 2025.
- The Plus500 records 13% q/q Rise and 5% y/y decrease in revenue in the quarter 2025.
- The CFDS Broker Acetop sees revenue increased by 22% in 2024 led by Gold Trading.
Top executive movements of the FX industry this week
❑ Infinox Capital appoints Lee Holmes as Managing Director.
❑ Exclusive: Zarvista Bizdev Head Christiana Lazaridou joins EC markets.
❑ Exclusive: Extension of Dzhamel regional men.
❑ United Fintech hires Virgin Media O2 Exec Deepak Nair as Coo.
❑ Exclusive: Michael Going joins APM Capital (Ex Bux UK).
❑ Exclusive: Former Adss / Saxo Exec Jamieson Blake launches Level 26.
❑ Exclusive: Alex Praill named Payment Services in CMC.
❑ Traders trust COO Todor Georgiev leaves to begin funding funding company 7.
❑ Fred Pedersen (Re) joins your bourse as CGO.
❑ Crossover markets hire AFX / Euronext FX alum Kevin Wolf as CFO.
❑ ig alum alum ratford joins Crypto.com as head of corporate relationships.