How did eToro shares fare after the company priced its long-awaited IPO on NASDAQ?

What has led to a CEO change at neobroker BUX?

Which NBA All-Star is the new Brand Ambassador for a retail prop trading firm?

Where did Robinhood just spend $179 million making an acquisition – showing its plans to “double down” on growth outside the USA, and in the crypto trading sphere?

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

eToro shares pop 29% in first day of trading post IPO. Following the upsizing of its IPO size and pricing, Israel based social trading focused online broker eToro has had a very good first day of trading. eToro Group Ltd (NASDAQ:ETOR) shares traded up from the start of the day on Wednesday from their $52 IPO pricing, which as noted was above the initial indicative $46-50 range in eToro’s IPO filing before its roadshow with investors.

Prop firm Hola Prime signs up NY Knicks star Karl-Anthony Towns as Brand Ambassador. Cyprus and India based retail prop trading firm Hola Prime has announced five-time NBA All-Star, New York Knicks basketball player Karl-Anthony Towns as its first-ever sports Brand Ambassador. The announcement coincides with the launch of Hola Prime’s brand campaign, “#SpeedIsSuccess,” created and produced with sports agency of record Athlete-Driven Worldwide.

BUX looking for a new CEO as Yorick Naeff moves to Innovation role at ABN AMRO. Amsterdam based neobroker BUX has announced that its CEO and co-founder Yorick Naeff will take on the role of Head of Innovation at Dutch bank ABN AMRO, effective February 1, 2026. Yorick Naeff has led BUX since 2020, overseeing its expansion across Europe and its evolution into a leading platform for long-term investing.

Robinhood buys Bitbuy and Coinsquare operator WonderFi for $179 million. US neobroker Robinhood is expanding its business north of the border, as well as in the crypto sphere, announcing that the company has entered into an agreement to acquire WonderFi, a Canadian leader in digital asset products and services, for C$250 million (USD $179 million).

iForex IPO filing details: Revenues and Profits declining, 95% of business offshore. Following our report from Friday that Retail FX and CFDs broker iForex had filed documentation for an initial public offering in London – becoming the second “live” industry IPO alongside eToro which is now on its IPO roadshow – FNG has had the opportunity to review the company’s registration document and financial results, which provide some interesting insight into iForex and how it has been doing.

Top FX industry executive moves this week

❑ INFINOX hires Aditya Singh as Head of Product and Strategy.

❑ Marex exec Nick Scarf replaces Sean Murphy as CEO of Plus500 Australia.

❑ Exclusive: Taurex hires Altan Bahtiyar and Swaathi Saxena as Institutional Sales Directors.

❑ GTCFX hires Alpari’s Mikhail Seliverstov as CCO.

❑ ADSS / Saxo alum Patrick Wallis joins Tickmill UK to head Marketing.

❑ Capital.com Product and Tech head Dana Massey departs.

❑ Edgewater sales exec Lee Shmuel Goldfarb joins B2PRIME.

❑ Equiti Group hires FxPro alum Yiannos Xenophontos to head Trading.

❑ Exclusive: INFINOX Operations (Allan Maira) and Sales (Moe Padhani) heads depart.