The post-holiday news flow continued at full blast in the FX and CFD industry last week as FNG reported on a variety of broker results, a broker rebrand and of course a long list of executive moves as firms are set to tackle some pretty ambitious Business plans 2024.
What is behind the rebranding of ForexVox to MarketsVox?
What have we learned from the fairly strong results covering the end of Calendar 2023 published by some leading brokers, including Swissquote and CMC Markets?
What new B2B partnerships were announced last week in FX/CFDs?
Which executives found new homes, iSAM Securities, 180 Capital, Zara FX, INFINOX, Pepperstone, Capex.com and CFI?
Some of the most read and commented FX/CFD industry news that appeared in the last seven days on FNG include:
Exclusive: Offshore CFDs Broker ForexVox Rebrands as MarketsVox. Exclusive FNG… FNG has learned that offshore retail FX and CFDs broker ForexVox has rebranded as MarketsVox. The forexvox.com website url is now redirecting to marketsvox.com. The company said the decision to rebrand is based on a multifaceted strategy aimed at better representing the extensive range of financial instruments offered by MarketsVox. While Forex has been a cornerstone, MarketsVox is now expanding its offerings to include indices, commodities, cryptocurrencies and metals. The new name is a nod to the company’s commitment to evolving with the ever-changing landscape of financial markets.
CMC Markets shares jump 23% after FY2024 Trading Update. Shares in UK online trading provider CMC Markets plc ( LON:CMCX ) soared on Monday, up 23% in early afternoon trading. Earlier today CMC Markets published its latest Trading Update for the financial year 2024 (CMC has a financial year-end of March 31), indicating a sharp increase in expected revenue for the year following a disappointing first half (April-September 2023). .
Finalto Asia and PrimeXM collaborate on APAC liquidity solutions. Finalto Asia and PrimeXM have announced a new strategic partnership, which the parties say will reshape the forex and CFD landscape in Asia and seek to consistently create exciting new liquidity solutions in the region through the partnership. Finalto Asia and PrimeXM bring together two industry leaders, leveraging their respective strengths to create a dynamic and integrated financial ecosystem.
The Match-Trader trading platform integrates with TradingView. Cyprus-based trading platform and technology solutions provider Match-Trade Technologies has announced that its multi-asset trading platform for Forex traders, Match-Trader, is now integrated with its social networking and charting platform system TradingView. Brokers using Match-Trader servers can now take advantage of TradingView’s advanced front-end with its excellent charting capabilities and a vibrant trading community.
Top FX industry executive moves reported on FNG this week included:
❑ CFI Hires Former IG Executive Louis Bridger as Head of Business Development.
❑ Exclusive: Zara FX adds B2Broker exec Kuldeep Mahindrakar as Head of Strategy and Expansion.
❑ Amana parent 180 Capital hires GTN executive Samer Abuzahra as CCO.
❑ iSAM Securities hires oneZero alum Dennis Weissert as Director of Sales.
❑ Exclusive: Mitesh Vaghela appointed Chief Business Officer at Rostro Group.
❑ Webull appoints Anthony Denier as Group President.
❑ INFINOX hires Eurotrader executive Robert Collins as Head of Trading.
❑ Exclusive: Capex.com hires MultiBank exec Faisal Morrar as BizDev Director in Dubai.
❑ iSAM Securities appoints Sam Johnson as CEO, Ryan Poole as CIO.
❑ Exclusive: Christina Barbash joins PrimeXM.
❑ Kathleen Brooks joins XTB as UK Market Research Director.
❑ Exclusive: Compliance Director Dianah Njeri Igati moves from Scope Markets to Pepperstone.
❑ Exclusive: Harry Campbell-Lamerton steps down from Valutrades Board of Directors.