The news of the FX and CFDS industry has been driven this week by a series of changes to the C-Suites of various B2B brokers and providers, including “top tasks” in each of your bourk and new business.
We also got to see the results of Q2 from several businesses in the field, including RobinHood and XTB, giving a pretty good sample of how online brokers have advanced in recent months, what is hot, what is not and where things are going.
Some of the most read and commented news stories in the FX/CFD industry to appear in the last seven days in FNG included:
Top news of the FX and CFDS industry this week
China’s CGS closes the CFDS Prosperus Singapore unit in the midst of integration. Singapore Business Site The Business Times reports that the local CFDS Broker Prosperus (on the Prosperus.asia website) closes as part of an integration made by China Galaxy Securities and Singapore’s main unit, CGS International.
The Loopfx Network starts with the first transactions. The institutional institutional peer-to-peer-peer-peer-peer FX Spot Spot Spot Loopfx has announced that it has officially launched as a vibrant FX liquidity network, successfully corresponding to customers’ FX Connect transactions, the top market execution platform. Customers already signed include Schroders, Royal London Asset Management, State Street Investment Management and RBC Capital Markets.
CFDS Broker Aetos is giving up FCA license to focus on Australia on the high seas. FNG has learned that Retail FX and CFDS Brokerage Group Aetos has left the FCA license, granted to its subsidiary Aetos Capital Group (UK) Limited. Aetos UK had been licensed FCA since 2016. Atos UK Arm has not been very active in recent years. In 2024 Aetos UK published just £ 479k in revenue, although it was from £ 399k in 2023.
IFOREX is sponsored by Ferencvárosi TC. The FX and CFDS IFOREX retail broker announced the signing of an agreement called IForex Europe as the official sponsor of Ferencvárosi TC (FTC)-the most decorated football club in Hungary and the newly established 2025 Nemzeti Bajnokság Record-Extend-Extend of the 36th title in May.
The financial and functional results published this week by brokers online include:
- The XTB revenue flat ($ 155 million), but profits increase by 11% ($ 58 million) in the Q2 2025.
- RobinHood revenue is rising by $ 7% ($ 989 million) and profits increased by $ 15% ($ 386 million) in Bounceback Q2 2025.
- The CFI sees a record of $ 1.51 trillion in customer trading volumes for Q2-2025.
Top executive movements of the FX industry this week
❑ Exclusive: Elina Pedersen takes over as Managing Director of Your Bourse by Andrey Vedikhin.
❑ Financial names CFI Omar Khaled as CMA.
❑ The Saxo UK Exec Dan Squires moves to Abu Dhabi to take on the role of CCO in ADSS.
❑ Exclusive: Brokeree’s leader Anton Sokolov is departing.
❑ Exclusive: The head of the NAGA team of acquiring Stanislav Galandzovskyi users is departing.
❑ Squaredfinancial Bizdev Head Dominique el Khoury Leaves for CEO’s work at Startup Broker Neomarkets.
❑ Lukas Enzersdorfer-Konrad replaces Paul Klanschek as Bitpanda’s co-directions.
❑ Field markets hire PU Prime Exec Mohanad Yakout as an analyst of Mena Senior Market.
❑ FYNXT hires Stonex Camila Pinto’s veteran as a commercial manager for the United Kingdom and Latam.