What business unit did IG Group just sell to Kraken for $100 million? And why?
What is owned by CFDs Doo Group brokerage firm hacked?
Which country is introducing new rules and restrictions for Turbo certificate transactions?
Who is the new CEO of Eightcap UK?
Some of the most read and commented on FX/CFD industry news that appeared in the last seven days on FNG include:
Top FX and CFD industry news this week
IG Group closes sale of Small Exchange to Payward. Online trading major IG Group Holdings plc (LON:IGG) has announced that it has completed the sale of Small Exchange Inc to Payward Inc, the parent company of crypto exchange Kraken. The transaction values Small Exchange at $100.0m (£74.9m), with the consideration comprising $32.5m (£24.3m) in cash and $67.5m (£50.6m) in Payward shares. Under the terms of the deal, IG will enter into a partnership agreement with Kraken that includes the distribution of the new exchange’s products.
Doo Group’s Instagram account hacked. Retail FX and CFDs brokerage firm Doo Group has announced that it has discovered that Doo Group’s official Instagram account (formerly @doo_group) had been illegally accessed by an unknown person, with the account name and information maliciously changed. The episode marks the latest in a string of setbacks for the Doo Group, and D Prime’s offshore CFD brand.
Germany’s BaFin intervenes in the trading of Turbo certificates. Following a warning earlier this year that it planned to curb trading in Turbos as retail losses in the product topped €3.4 billion, Germany’s financial regulator BaFin announced that it had indeed issued a product intervention measure for Turbo certificates. BaFin’s new Turbo rules will enter into force in June 2026.
Hantec Markets posts record trading volume of $725.5 billion in Q3 2025 Retail FX and CFDs broker Hantec Markets reported its strongest quarter on record in Q3 2025, recording notable growth in trading volumes, new account applications and active clients following recent senior staff appointments, product launches and strategic orientations. According to the company’s reported trading metrics, total notional trading volume in Q3 2025 reached about $725.5 billion (or about $242 billion monthly), up ~20% compared to Q2 2025 and ~65% compared to Q1 2025.
10 reasons why FinTech companies attend exhibitions and are awarded. Trade shows are not old school. they are high-bandwidth trust and content machines and a source of inspiration. In a digital world of cold clicks, handshakes still move markets. Exhibitions are not campaigns – they combine brand investments. You don’t go once to “win”. You show up every year so the market remembers your face when it’s time to choose a partner.
The FX industry’s top executive is on the move this week
❑ Exclusive: NAGA Head of Product Maria Evripidou at XM.com.
❑ MultiBank hires Capital.com alum Dana Massey as CPGO.
❑ Eightcap appoints Ollie Rosewell as UK Managing Director.
❑ UBS appoints Daniele Magazzeni as Chief AI Officer.
❑ Tradeweb Names Rich Chun Managing Director, Head of Asia.
❑ HKEX appoints Phillip Wu as Managing Director, Head of Trading Operations.