StoneX got an ok valuation that will allow it to grow, plus it gets access to all of the RJ O’Brien business that it would otherwise struggle to acquire.
Institutional trading
The deal is expected to close in the third quarter of this year, with potential cost synergies of $50m.
24 Exchange will be able to offer companies access to CobaltFX’s more cost effective credit mechanism.
Zodia Markets will now be able to price clients via the Finery Markets ECN, using request for quote pricing.
Spark Systems is an FX technology provider. The company received investment from broker ATFX towards the end of 2024.
Johansen will work from United Fintech headquarters in Copenhagen, with responsibility for the company’s set of global offices.
We talk to Scope Prime’s newest recruit about how life has changed for brokers since the pandemic started.
CFI has been expanding heavily over the past few years, with its new division aimed at attracting professional traders and B2B clients.
amana offers attractive features to its B2B clients, including crypto margin options and access to spot crypto trading.
Georgiou joins Scope Prime from Deriv Prime, the B2B arm of Deriv. She has worked in the brokerage industry for over five years.
24 Exchange is the second electronic trading platform to be approved by the London-based clearing house.
We talk to the Co-Founder of Fortress Core Prime about the company’s plans and what they’ll be working on with ATFX.
MAS Digital is the cryptocurrency trading arm of MAS Group. The integration will mean clients can trade against Fusion Digital liquidity.
Sage Capital will act as a liquidity provider across all of the different Finery Markets product lines.
Khan is the latest in a series of senior executives to join ATFX.
Zhang is the second major hire that MAS Group has made in Australia over the last few months.
The addition of Crypto.com means pricing for the products is now derived from 98% of all global trading volumes in the pair.
The integration means that Edgewater liquidity will be distributed via the Gold-i MatrixNET aggregator.
iSAM Securities has made several key changes to its personnel and set of products over the last two years.
26 Degrees now offers trading in more than 2,000 stock and ETF CFDs, with this new launch particularly beneficial for clients in Asia.
Finery Markets had already passed the first examination, which shows it has the correct systems and tools in place to operate a crypto ECN.
Dalley has been Head of Netherlands for Cboe over the last two years. He has been with the firm since 2017, after it acquired BATS Global Markets.
CME Group said the new micro futures contracts will be one-tenth the size of their existing counterparts and be cash settled.
Christou joins the firm from rival company Exinity. Charalambous has also held senior roles at leading firms, like eToro and Binance.
Knapp will continue in his role as Chief Risk Officer at Rostro Group, which owns Scope Markets. He will help role out options and futures for clients.
XTX Markets Chief Technology Officer Joshua Leahy said the investment would mean the market maker can “build ahead of its needs.”
HiddenRoad is one of the first firms to have received approval from the Dutch regulator for the license, which came into play this year.
Twort has been with iSAM for a decade, having helped launch its prime broker division. More recently he’s worked on the firm’s funds.
BITA makes custom indices, where the exposure can be hedged. The company already has partnerships with XM and other firms.
Kearabilwe Nonyana is the latest in a series of executives to have joined Scope Prime. He will work from the company’s Johannesburg office.
Scope Prime said in a statement that the new pairs were added to its liquidity offering in response to demand from existing clients.
Biggs has been with Finalto since 2018, working in trading roles. He was previously the company’s Group Head of Risk and Trading.
We speak to John Bogue and Wei Zhang about what the ATFX Connect team have been doing and the products they now offer to insti clients.
DeFinity Markets Co-Founder said the firm will offer new clients 50% off their fees for the first 100m that they transact on the company’s ECN.
Santos has been with Markets.com – the retail arm of Finalto – for close to a year. He has held senior roles at Trading 212 and London Capital Group.
CME Group has seen a huge increase in the volume of micro contracts being traded, with gold ADV up to its highest levels ever in 2024.
Cboe revenues were up across the board, with notable increases in options trading and the exchange operator’s futures trading business.
The deal means CMC Markets will provide market access and white label technology to ASB Bank clients when they want to invest in the stock market.
26 Degrees launched pairs trading earlier this year. The new products allow firms to trade gold against indices and the price of oil.
The partnership with B2C2 is likely so that the market maker can provide faster settlement in fiat currencies. OpenPayd is owned by Ozan Ozerk.
MAS Markets has onboarded several senior executives this year. The broker also revealed a tripling in YoY revenue for its 2024 financial year.
MAS Markets has taken several steps to expand over the last 18 months. The firm has a crypto entity in Lithuania and a funds offering in Luxembourg.
Copper’s founder Dmitry Tokarev will step down. He will remain on the company’s board and is still a major shareholder in Copper.co.
Kanj was previously at CFI for almost a decade. He is the latest in a string of senior hires at Scope Prime, the B2B arm of Rostro Group.
White is the latest in a string of senior hires for the Scope Prime team. He made the move from 26 Degrees, where he was CCO for the EMEA region.
Najjar has made the move from IG Group’s MENA office. Marex has been expanding its PB offering since acquiring Cowen in 2023.
LMAX can now offer swaps trading to its existing clients and also expand the range of clients using FX HedgePools products and services.
Chaili joined 26 Degrees in 2021 as Managing Director. She was appointed CEO for the EMEA region the following year and was based in the firm’s Cyprus office.
ATFX acquired the ASIC license of Japanese firm Rakuten Securities last year. The company has made several key hires in Australia since then.
ATFX Connect is likely launching the contracts, which typically involving emerging market currencies, to cater to demand from retail brokers that need pricing.
Simon Ormrod joins liquidity provider Finalto from Vantage Capital Markets. He also spent 14 years at institutional trading firm Liquidnet.
Simon is the latest in a string of executives to join MAS Markets over the last 18 months, including senior hires from brokers and tech providers.
The National Stock Exchange of India’s attempt to force affiliates to become Approved Persons will push those people to work with unregulated firms.
We talk to MAS Markets CEO and Founder Simon Blackledge about goings on at the liquidity provider, why they rebranded and more.