FX week in review: CFD broker survival tactics, platform integrations, Valutrades raise and rebrand
In one of the more interesting guest editorials we’ve run lately, Jon Light, Head of OTC Platforms at broker platform provider Devexperts, has some interesting things to say about CFD Broker Survival Tactics – how brokers can adapt and thrive in today’s environment while facing stricter requirements from platform providers and regulators, and now waning market volatility.
But there was certainly a lot more this week in the world of FX and CFD industry news – capital raises, rebranding, a number of integrations between trading platform and service providers, and a bevy of results from a variety of brokers across the trading spectrum.
And as always it was all reported first or exclusively here at FNG.
Some of the most read and commented-on FX industry news stories to appear over the past seven days on FNG included:
Survival Tactics: How CFD Brokers Adapt to Market Challenges. FNG Exclusive Guest Editorial… With CFD brokers facing stricter requirements from platform providers and regulators – and now waning market volatility – how can they look to adapt and thrive? Jon Light, Head of OTC Platforms at broker platform provider Devexperts, discusses in an interesting guest editorial here at FNG.
Brokeree integrates its Exposure Manager into TraderEvolution’s trading platform. Tallinn, Estonia based FX broker tech solutions provider Brokeree Solutions has announced the integration of its Exposure Manager solution into the TraderEvolution multi-asset and multi-market trading platform. The technology involved in the integration from the Brokeree Solutions side is Exposure Manager – a post-execution hedging solution for automated risk management. Through this integration, the Exposure Manager, previously exclusive to MetaTrader brokerages, now evolves into a multi-platform solution.
Exclusive: Valutrades raises $1M in capital ahead of planned rebrand. FNG Exclusive… FNG has learned from company sources that FCA regulated FX and CFDs broker Valutrades has raised an additional amount of capital, ahead of a planned rebranding and tech upgrade. Specifically, Valutrades has raised £823,499 (USD $1.0 million) in new capital with the allotment of new company shares. The company’s share capital, after the latest capital injection, has increased to £8,220,000.
FX and CFD broker financial and operating results reported this week here at FNG included:
- Exness has strong September with trading volumes at $4.437 trillion.
- Exclusive: Trivepro sees 9x increase in 2022 Revenues to £10.8M.
- NAGA Group revenues stabilize in Q3 at €8.9M.
- Exclusive: Trading.com parent Trading Point sees Revenues of £1.1M, Net Loss £1.1M in 2022.
- Hantec Markets revenues flat in 2022 at £5.8M, clients assets fall 31%.
- Equiti Capital grows Revenues by 22% in 2022.
Top FX industry executive moves reported at FNG this week included:
❑ ATFX hires ADSS exec Hormoz Faryar to head Institutional Sales MENA.
❑ Chris Xu joins Finalto Australia as VP of Institutional Sales.
❑ GCEX hires Bosonic CRO Jason Nabi for BizDev role.
❑ ACY Securities MENA hires Syrian trade minister Nedal Alchaar as Chief Economist.
❑ Exclusive: State Street hires Edgewater’s Jesse Hadley to head Liquidity Management.