European regulators will probably ban event contracts, allowing US firms to dominate another market. Also we look at the Axi stockbroker deal.

Gao joins Axi from Pepperstone, where he was also Regional Director. He has two decades of experience and has worked at Exness and GAIN Capital.

The bid probably has two aims – to allow Axi to more easily add stockbroking and, secondly, to acquire a huge number of clients at low cost.