This week’s FX and CFD industry news was led by M&A, with ATFX continuing its global expansion by acquiring a licensed broker in South Africa, and liquidity aggregation solution provider FXCubic being sold.

There were also a number of executive moves including a management reshuffle at MT4 tech provider Tools for Brokers. And, a number of partnerships between B2B companies, a commonly recurring theme of late, as providers look to be able to deliver more complete turnkey solutions to brokers and high end trading firms.

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

ATFX acquires licensed ODP Khwezi Financial Services in South Africa. Leading online trading services provider ATFX has announced the acquisition of a licensed ODP (Over-the-Counter Derivative Provider) in South Africa, following the successful purchase of Khwezi Financial Services, which is regulated by the Financial Sector Conduct Authority (FSCA). The company said that this strategic move further solidifies ATFX’s global presence and strengthens its position as a key player in the online trading industry.

Banyan Software buys pricing aggregation solutions provider FXCubic. Pricing aggregation solutions provider FXCubic has announced that the company has been acquired by Banyan Software, a Toronto based company which specializes in acquiring enterprise software businesses. FXCubic, based in London, was founded in 2016 by Ege Kozan, Sencer Coltu, and Cem Kozan. The company provides an advanced pricing aggregation solution that empowers retail trading brokers with low-latency access to a network of liquidity providers, including banks, hedge funds, and more.

IC Markets launches IC Shares cash equity investing. IC Markets, a prominent online trading service provider with over 15 years in the industry, is thrilled to announce the launch of IC Shares, an expansion of their product range to physical equity investment. The existing product expansion encompasses cash equity investing in companies listed on the Australian Securities Exchange (ASX) and Cboe. This represents a significant milestone for the company, adding to its extensive offerings tailored to its valued Australian clientele.

Match-Trade partners with FPFX Tech on a seamless Prop Trading solution. Prop trading technology solutions provider FPFX Technologies has announced that it has seamlessly integrated its advanced CRM system with Match-Trade’s Match-Trader platform. The parties said that this strategic alliance is designed to forge a streamlined and powerful solution tailored to the evolving needs of proprietary trading firms.

Devexperts and FX Blue partner on turnkey trading solution for CFD brokers. Devexperts, the developers of DXtrade, an out-of-the-box trading platform with an open API, has announced a partnership with FX Blue Labs, a global provider of FinTech solutions to CFD and spread betting brokers. The integration combines the DXtrade back-end with FX Blue’s feature-rich and configurable web and mobile front-ends.

Top FX industry executive moves reported at FNG this week included:

❑ Tools for Brokers management shuffle – Albina Zhdanova named CCO, Vladimir Viuchejskiy COO.

❑ ActivTrades hires Admirals exec Matteo Paganini as CCO.

❑ Exclusive: Payabl exec Isavella Frangou joins ISX Financial as SVP Sales.

❑ oneZero promotes Alex Neo, Lynnette Yeo in global growth push.

❑ Exclusive: Curex exec Andre Severi named Head of Sales EMEA at LMAX.

❑ Exclusive: Startrader BizDev exec Ahtesham Amin Syed joins Doo Prime.