FX Industry Week Review: Saxo Bank sells unit, Forex brokers raise money, and lots more

forex industry news update

Forex Industry News this past week at LeapRate was a combination of key executive moves, M&A, and fundraising.

Which FCA regulated brokers raised money, ahead of new ESMA regulations which become effective in a few weeks’ time?

Which was the latest business sold by Saxo Bank, which is clearly realigning its operations ahead of a pending takeover of the company by China’s Geely Group?

Who is Valutrades new COO?

Answers to these questions and more appeared first or only at LeapRate. Some of our most viewed and commented-on posts from the past week include:

saxo bank banking circle sold eqtSaxo Bank sells another unit. ​​​Copenhagen based Retail FX brokerage group Saxo Bank is continuing a radical makeover of the company and jettisoning of non-core assets, ahead of a pending takeover of Saxo Bank by China’s Geely Group and Finland’s Sampo. Which unit did Saxo Bank sell now? To whom? What other businesses has Saxo Bank sold over the past few months? Get all the details, always first at LeapRate.

atfx london taxi adsExclusive: ATFX UK adds compliance expert to its Board of Directors. LeapRate Exclusive… LeapRate has learned that FCA regulated AT Global Markets (UK) Limited, which operates the ATFX online trading brand in the UK, has added a noted compliance expert to its Board of Directors as a non-executive director, as the company begins its aggressive expansion campaign in the UK and Europe. Get all the details, exclusively at LeapRate.

Harry Campbell Lamerton ValutradesExclusive: Valutrades hires new COO, from ADSS. ​LeapRate Exclusive… LeapRate has learned that FCA regulated Retail and Institutional FX and CFD brokerage Valutrades has hired a new COO, who joins the company from the UK office of Abu Dhabi based financial concern ADSS. Who is Valutrades’ new COO? Get all the details, exclusively at LeapRate.

bitcoin cryptocurrency liquidityoneZero and B2C2 partner to offer crypto market making and liquidity. Cryptocurrency market maker B2C2 has announced a partnership with broker technology solutions provider oneZero Financial Systems, which will enable oneZero’s clients to gain access to B2C2, one of the largest cryptocurrency liquidity providers, as part of the oneZero EcoSystem. Get all the details, always first at LeapRate.

Richard Craddock ATFX UK CEO

Richard Craddock, ATFX UK

Exclusive: ATFX injects £2M into UK Forex business. ​LeapRate Exclusive… LeapRate has learned via regulatory filings that global Retail FX brokerage group ATFX has invested an additional £2 million (USD $2.6 million) of capital into its FCA regulated UK business, AT Global Markets (UK) Limited. Who is behind ATFX? Where else have they recently invested / acquired Retail FX businesses? Get all the details, exclusively at LeapRate.

Valutrades websiteExclusive: Valutrades raises money from shareholders​LeapRate Exclusive… For the second day in a row, we have an exclusive report about an FCA regulated broker raising money from its controlling shareholders, ahead of about-to-become-effective ESMA rules which could very well reshape the online trading industry. How much money did Valutrades’ shareholders now invest? Who are Valutrades’ controlling shareholders? Get all the details, exclusively at LeapRate.

Dominic Poynter Naga Markets

Dominic Poynter, Naga Markets

Other Forex Industry executive moves reported this past week at LeapRate include:

  • Dominic Poynter moves from Positiva to FX broker Naga Markets to head marketing.
  • MT4 integrator Gold-i hires Amex veteran Maria Lopez to head marketing.
  • TradAir appoints HC Technologies’ Sebastien Donadio as CTO.

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