Who is in, and who is out, in the CEO’s chair at Retail FX and CFDs broker Markets.com?

What was Robinhood’s latest move in boosting its brand and business in Europe?

Who is partnering with Australia based online broker Axi, in launching the new AxiPrime institutional liquidity brand?

What other senior executive moves were seen this week at ATFX, IG Group, CFI, Acuity Trading, Liquidnet, and Rostro Group?

Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:

Top FX and CFDs industry news stories this week

Exclusive: Markets.com names Andreas Kyriacou as CEO. FNG Exclusive… Further to our coverage earlier this week of the changes at Retail FX and CFDs broker Markets.com, FNG has learned that Markets.com has named Andreas Kyriacou as its new CEO. The move comes following the recent departure of now-former Markets.com CEO Stavros Anastasiou from the company. Stavros had been CEO of Markets.com since the company was acquired in 2022 by Hong Kong based Gopher Investments, alongside Markets.com’s B2B sister company Finalto.

Robinhood continues EU push becoming front-of-shirt sponsor for OGC Nice. Continuing a recent concerted push to increase its brand and business in the EU, US based neobroker Robinhood Markets Inc (NASDAQ:HOOD) has announced that it is becoming the principal partner for France based football club Olympique Gymnaste Club de Nice – commonly referred to as OGC Nice – starting in 2025/26. The move follows the recent introduction by Robinhood of a suite of new products targeting EU customers such as US stock and ETF tokens and perpetual futures.

Axi partners with Your Bourse to launch institutional liquidity arm AxiPrime. Leading Australia based online broker Axi has announced the launch of AxiPrime, its institutional and next-generation B2B liquidity provider (LP) to meet the evolving needs of professional trading firms. With a focus on multi-asset liquidity and cutting-edge technology and execution infrastructure, AxiPrime offers access to a broad range of markets including forex, metals, equities, cryptocurrencies, and commodities – all designed to empower the broker’s partners and elevate their profitability potential.

Fortress Core Connect secures South Africa FSCA license. Fortress Core Connect, a leading fintech and liquidity infrastructure provider servicing online brokerages, asset managers, and prop firms, has announced the successful acquisition of a Category I Financial Services Provider (FSP) license from the Financial Sector Conduct Authority (FSCA) in South Africa under license number 54537.

Mubadala looking at $100 million increase in its Revolut stake. Sky News is reporting that Abu Dhabi sovereign wealth fund Mubadala is in talks to buy a $100 million stake in UK based neobank and payments company Revolut from existing Revolut investors. Mubadala was part of a group of institutional investors that acquired a small stake in Revolut earlier this year from Revolut founder Nik Storonsky.

Top FX industry executive moves this week

❑ ATFX Connect hires Michael Mirarchi to head Institutional Sales LATAM.

❑ Exclusive: IG Head of Emerging Markets APAC Karman Wong departs.

❑ Exclusive: CFI Head of Business Development Louis Bridger departs.

❑ Exclusive: TopFX CMO Vince De Castro departs for Acuity Trading.

❑ CFDs broker SwissFS adds Mina George, Ihab Akl, Ahmed Elmaraghy.

❑ Liquidnet ups emerging markets strategy adding Michael Fidance.

❑ Rostro hires Exinity exec Oliver Ryan to head Trading Operations.