There have been more than the usual top moves in the FX and CFD space this past week, including the external hiring of CEOs at two of the most recognized brands in the business.
Who is the new CEO of TopFX?
What support did Saxo Bank turn to as Saxo UK’s new CEO?
What drove NAGA Group shares up 38%?
What is the latest retailer to close? (And why?)
What other executive moves were made involving LMAX, The Trading Pit, XS.com, 360T and Muinmos?
Some of the most read and commented on FX/CFD industry news that appeared in the last seven days on FNG include:
Exclusive: NAGA Group shares 38% after NuWays research. Exclusive FNG… Following a series of investigations into why shares of online broker NAGA Group (ETR:N4G) traded heavily on Tuesday afternoon, FNG has learned that the main driver appears to be a new research report on the company published analysts of the German equity research company NuWays AG. Shares in NAGA Group traded sharply early on Tuesday afternoon (May 28), with NAGA shares closing at €1.06, up 38% on the day – the highest closing level since late March.
Exclusive: SurgeTrader support company is shutting down. Exclusive FNG… FNG has learned that Florida-based retail commodity trading company SurgeTrader has closed, following a decision earlier this week by trading platform operator Match-Trade Technologies to revoke SurgeTrader’s license to use the Match-Trader platform . SurgeTrader was an early entrant into the retail/funded trader space, launching in 2021.
TradingView introduces TradingView Options. TradingView introduces its newest product — TradingView Options (Beta). This tool is designed to enhance users’ trading experience with an advanced options strategy builder that can be used to model strategies of any level of complexity. TradingView Options starts with the strategy builder, a tool that allows for the modeling of sophisticated option spreads (strategies).
CFI takes flight: Raising presence in MENA with five strategic airline partnerships. Leading online trading provider CFI has unveiled a series of high-profile promotional deals with some of MENA’s leading commercial airlines, including Emirates Airline, Etihad Airways, Qatar Airways, Royal Jordanian and Middle East Airlines (MEA). This strategic alignment with leading carriers reinforces CFI’s commitment to revolutionize the MENA trade landscape and cement its position as the region’s leading online trade destination. Several of the deals are already live, with additional launches expected soon.
Top FX industry executive moves reported on FNG this week included:
❑ Exclusive: TopFX hires Viktoras Zachariadis as CEO, replacing Alex Katsaros.
❑ Saxo UK hires InvestCloud executive Andrew Bresler as CEO.
❑ LMAX Group hires XTX Markets alum Chris Knight as CEO.
❑ CMO Themis Christou leaves prop company The Trading Pit.
❑ Exclusive: Flow Traders executive Joeri van Eck joins 360T’s Spot and NDF businesses.
❑ Exclusive: XS.com hires Orbex executive Yara Ahmed for MENA BizDev.
❑ Onboarding regtech Muinmos adds Anders Kirketerp-Møller to its board of directors.