In its official announcement, Oval said that the two companies’ brands will become one. The UK-based fintech firm will focus on technological innovation. Oval is currently working to strengthen its team in order to reach its goals, looking for new skilled recruitments to advance the company’s development. Claudio Bedino, CMO of Oval, commented: New features…
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Chief Executive Officer, Philip Adler, stated: The year has been truly eventful, I am very pleased with our results and the team performance during COVID and we finished on a high with the acquisition of ETX Capital by Swiss based private equity firm Guru Capital which helped set our new vision and initiatives. In May…
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With the emerging new requirements in the investment ecosystems, it is important for brokerages to keep up with the digital age. Software company Devexperts in cooperation with Turkish broker Global Securities released a number of updates for the BayGlobal trading platform. Users on BayGlobal can now listen to live broadcasts of Global’s financial analysts. Every…
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ETX clients in South Africa can benefit from instant execution, tight spreads and low commissions on CFDs on thousands of global markets – across all major asset classes from forex, indices, shares and commodities. Regulated by the FCA, ETX Capital was acquired by Swiss firm Guru Capital in 2020. The company offers more than 5,000…
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Guru Capital has stated that the merger ETX’s and Oval’s goals to allow access to a wide range of financial services. Launched in 2017, Oval Money Ltd. offers savings and investment options to more than 350,000 users via a mobile app. The company was incorporated by Italian entrepreneur Benedetta Arese in 2016. The company is…
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Russia’s largest bank, Sberbank, is planning a launch of a new blockchain trading platform and a native token Sberbcoin. Russian business news outlet RBC reported on Monday that Sberbank plans to release its digital currency Sberbcoin in 2021 around the same time as the Russian Central Bank prepares the launch of the digital ruble. Sberbank has…
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These new appointments are part of the restructuring plan after they were acquired by Guru Capital SA, a Switzerland-based private equity firm. The financial terms of the transaction were not disclosed, but the company completed the acquisition of the Monecor (London) Limited brand in October. Guru Capital acquired ETX Capital from JRJ Group in the…
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Guru Capital partners Luca Merolla and Ryan Nettles will serve as non-executive directors to the ETX Capital Board of Directors. Online broker ETX Capital was founded in 1965. Guru Capital plans to leverage the ETX Capital brand, its technology and its team to expand the business in the UK. The team is also determined to…
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Roger Nagioff, Founding Partner of JRJ Group, commented: During JRJ’s ownership, we have invested in bolt-on acquisitions and enhanced the technology of the firm. We are delighted with the strength and resilience of the platform we have built, alongside the management team and employees, and we wish the enterprise every success in its next stage…
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Spread Betting and CFD broker ETX Capital has just announced the resignation of its CEO Arman Tahmassebi. Mr Tahmassebi had been with ETX for 3 years, joining as COO in 2016 after 1 year as COO at London Capital Group. He left LCG in January 2016. Prior to LCG, Tahmassebi was 14 years at IG…
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