Who acquired ASIC licensed Retail FX and CFDs broker Global Prime?
Who launched the new Afterprime Retail FX and CFD brokerage brand? Which CySEC CIF licensed entity did Afterprime buy?
What are US neobroker Robinhood’s plans to launch UK service?
Where has industry veteran Eleni Astaniou been more than a year after stepping down as CMO of TIOMarkets?
Some of the most read and commented FX/CFD industry news that appeared in the last seven days on FNG include:
Exclusive: Global Prime sold, owners Jeremy Kinstlinger and Elan Bension launch Afterprime. Exclusive FNG… FNG has learned of a number of changes in Australia’s retail FX and CFD sector, with a number of trades taking place between some fairly well-known names and brands in the business. At the heart of the deal are Jeremy Kinstlinger and Elan Bension, who together have co-owned and co-managed ASIC licensed broker Global Prime since 2012. In 2020 the pair brought in former IC Markets executive Angus Walker as CEO of Global Prime.
Robinhood is launched in the UK. After a failed attempt in 2020, US app-based neo-broker Robinhood (NASDAQ:HOOD) has officially launched brokerage services in the UK. The company said its UK expansion marks a major milestone in its journey to democratize finance around the world and increase access to markets for all. The launch comes after Robinhood began posting key positions in the UK a few months ago and after the company hired Freetrade EU head Jordan Sinclair as its new UK CEO.
Exclusive: iS Prime rebranded as iSAM Securities – a conversation with Alexander Lowe. Exclusive FNG interview… We are pleased to speak today with iSAM CEO Alexander Lowe about iSAM Securities’ transformational year. Since 2014, iSAM Securities has been a leading provider of bespoke liquidity solutions, trading technology and risk advisory services worldwide. Over the past year, the brand has evolved by combining the iS Prime and iS Risk product lines under the general name iSAM Securities. This began to align iSAM Securities more closely with its parent company, the $5 billion systematic hedge fund manager, iSAM.
Exclusive: Zenfinex posts £1.9m loss in 2022 ahead of Taurex rebrand. Exclusive FNG… FNG has learned through regulatory filings that FCA-licensed broker Zenfinex Limited posted a net loss of £1.9m on revenue of just £397k in 2022. The loss was slightly higher than the £1.8m Zenfinex lost in 2021 , on his income of £239,000. The losses come as Zenfinex rebrands its Retail FX and CFDs business to Taurex, both for its UK operation and its offshore (Seychelles) business, which are now both run from the tradetaurex.com website. The group’s B2B business continues to operate under the Zenfinex brand, from the zenfinex.co.uk website.
Top FX industry executive moves reported on FNG this week included:
❑ Exclusive: Eleni Astaniou joins FXStreet’s FinancialMarkets.media.
❑ Exclusive: Former ADSS/Saxo/ETX executive Jo Page joins the board of Intertrader Alvar.
❑ Hargreaves Lansdown appoints Alison Platt as Chair.
❑ Nomura appoints Jérôme Brochard as Global Head of QIS Structuring.
❑ Argo Blockchain appoints Thomas Chippas as CEO.