What is NAGA Group’s new strategy under newly appointed CEO Octavian Patrascu, after NAGA shareholders voted to buy the company from Patrascu’s CAPEX.com?
How does MetroTrade, a new US-based retail futures and options broker launched by Tickmill co-founder Ingmar Mattus and Crypto.com alum David Klotz, plan to compete and shake up the industry?
Who is the new CEO of CFI UAE, after the departure of Nidal Abdelhadi?
Why are brand companies cracking down on the practice known as News Trading?
What executive moves were reported last week involving INFINOX, NCM, Gold-i, MAS Markets, Spotware Systems and more?
Some of the most read and commented FX/CFD industry news to appear in the last seven days on FNG include:
NAGA shareholders approve acquisition by CAPEX.com. NAGA Group AG (ETR:N4G) announced that the Extraordinary General Meeting of Shareholders held on April 12th gave the green light for the merger of the company with CAPEX.com. NAGA shareholders voted overwhelmingly in favor of the merger, with 99.81% voting. During the Extraordinary General Assembly, the newly appointed CEO of NAGA AG, Octavian Patrascu, presented the vision for the “New NAGA”.
Exclusive: David Klotz and Ingmar Mattus discuss the launch of retail futures/options broker MetroTrade. Exclusive FNG interview… FNG last week reported that there is a new company called MetroTrade LLC, which is now registered in the US with the CFTC as an import broker and is also a member of the National Futures Organization (NFA). How does MetroTrade plan to compete as a new entrant? Why start a new broker in the very competitive US market? And why now? We discuss these and other topics with co-founders Ingmar Mattus and David Klotz, exclusively on FNG.
Exclusive: Support Firms Are Increasingly Restricting News Trading. FNG Exclusive… FNG has learned that a number of top (and not so top) item retailers have begun implementing rules for their customers that limit the trades that can be made (or the profits that can be locked up) from traders immediately around major news events. The practice, known as News Trading, is a risky strategy whereby a trader takes a significant position in a security immediately before (or after) relevant economic or company/industry news is announced.
Company Setup Support YourPropFirm integrates SiRiX to enhance your trading experience. YourPropFirm, which offers trading firm startup technology and services, has announced a new strategic partnership with trading platform developer Leverate. The parties said this alliance marks a significant milestone, with the goal of revolutionizing the trading experience by integrating Leverate’s trading platform, SiRiX, with YourPropFirm’s offerings. Through this partnership, YourPropFirm is set to enhance its services by leveraging SiRiX’s advanced features, offering its clients a seamless and powerful trading experience.
Top FX industry executive moves reported on FNG this week included:
❑ CFI UAE appoints Jareer Hiary as CEO following the departure of Nidal Abdelhadi.
❑ INFINOX hires Equiti alum Mayne Ayliffe as Global Head of HR.
❑ Exclusive: Abdelhadi Laabi joins MENA-focused CFDs broker NCM Financial as COO.
❑ Exclusive: Profit & Loss founder Julie Ros joins private market operating system firm Templum as CMO.
❑ Gold-i CTO Chris James joins MAS Markets.
❑ Exclusive: Spotware/cTrader Head of Development Andrew Mreana departs.