This week marked the launch of three new brands in the online trading space covering the gamut of institutional liquidity, prop trading and FX/CFD brokerage advisors – all three reported exclusively here at FNG. (And yes, we realize that others often copy our headlines – but thankfully Google does too 🙂!)
There was also news of Plus500 doubling its office and recruitment space at its headquarters, a number of key executive moves (including Investing.com, TP ICAP, Wise and others) and more.
Some of the most read and commented FX/CFD industry news that appeared in the last seven days on FNG include:
Exclusive: Former cTrader exec James Glyde launches PipFarm trading company. Exclusive FNG… FNG has learned that James Glyde, a former senior executive at Spotware Systems – the developer of the cTrader trading platform – has launched a new brand in the ‘Funded Trader’ retail trading space, called PipFarm (on pipfarm.com). PipFarm will be based in Singapore and will operate on his former employer’s cTrader platform. James Glyde spent six years at Spotware from 2013-2019, the last three as the company’s Chief Commercial Officer.
Exclusive: Former oneZero/PrimeXM executive Louay Amhaz launches FX/CFD liquidity firm LP Prime. Exclusive FNG… FNG has learned that FX industry veteran Louay Amhaz has launched a new institutional FX and CFD liquidity company, called LP Prime. LP Prime will be officially domiciled in South Africa, with the operating company Logan Capital (Pty) Ltd acting as an authorized financial services provider regulated by the Financial Services Authority (FSCA) of South Africa (license no. 52610). Louay Amhaz has worked for the past seven years as Business Development Manager for multi-asset technology solutions provider oneZero in Cyprus.
Exclusive: PrimeXM/Plugit alum Lea Wang launches FX broker consultancy 4XTC. Exclusive FNG… FNG has learned that FX and CFD industry veteran Lea Wang has launched a new company offering advisory services for multi-asset brokers called 4XTC (on the website 4xtc.io). Lea Wang, who is based in Cyprus, was EVP and COO of FX broker CRM and Affiliate Management Solutions PLUGIT for three years (2019-2022) and previously served as Head of Global Account Management for technology solutions and broker liquidity provider PrimeXM . where he worked for four years.
Exclusive: Plus500 is doubling its office space in Israel, hiring workers. Exclusive FNG… Retail FX and CFDs broker Plus500 Ltd (LON:PLUS) is embarking on a major expansion, FNG has learned. Sources in Israel say Plus500 is set to lease an additional 5,800 square meters of office space near its current global headquarters in Haifa, Israel, while the company is actively hiring for various areas. Plus500 plans to expand its operations and is reportedly hiring for dozens of jobs in development and software, sales and business development, along with jobs in other areas.
Skilled Funded Traders becomes the second Easton support company to close. Another day, another support retailer goes out of business. After reporting yesterday that popular promotion company The Funded Trader has (supposedly been temporarily) shut down, another company – Skilled Funded Traders – has also pulled its website (skilledfundedtraders.com). It appears that The Funded Trader and Skilled Funded Traders are both affiliated with a group called Easton Consulting Technologies, out of Miami, Florida.
Top FX industry executive moves reported on FNG this week included:
❑ Exclusive: Investing.com hires Seeking Alpha and Wix.com alum Asaf Rothem as VP Marketing.
❑ TP ICAP announces the appointment of Silvina Aldeco-Martinez as CEO of Parameta Solutions.
❑ Wise appoints Emmanuel Thomassin as CFO.
❑ Barclays names David Garner Global Head of Bond Securitized Products Trading.