It is somewhat appropriate that our weekend summary of the past work week’s most popular articles on FNG includes one on the launch of weekend FX trading.

But there was a whole lot more news and analysis of all the goings on in the FX world this week at FNG.

Plus500’s clients seem to have won big against the company in early June, reducing the company’s Q2 revenues by more than half.

Industry leader IG is rebranding.

Some of the top forex industry news items to appear on the pages of FNG this week included:

Exclusive: IG rebrands with new logo, website. FNG Exclusive… FNG has learned that leading UK online broker IG.com has launched the first stage of a new branding campaign. IG’s new branding includes a new logo for the company (see new and old IG logos below), and a new look website (as per the picture above). The rebranding comes at something of an interesting time for IG. The company just reported results for its March-to-May 2020 quarter (formally its Q4-2020), which included record Revenues for IG and what will likely be record profits when those get reported next month.

Plus500 clients drain the company’s coffers in early June. CFDs broker Plus500 issued a Trading Update today (see full text below), indicating some very up-and-down performance so far in Q2. From an activity level, Plus500 continues to see record levels of client activity, which also drove the company to superb financial results in Q1. Nothing drives volumes (and revenues, profits….) at Retail FX shops like market volatility, and the past three months have seen lots of it. However Plus500 noted that while it had generated a very healthy $249 million in spread revenue from client trading so far in Q2, a lot of that was eaten up by clients’ trading profits versus the company.

LMAX adds weekend forex trading. Institutional FX and crypto execution specialist LMAX Group has announced the launch of Weekend FX service, that will enable clients to trade outside of market hours for the first time on what the company says is institutional grade exchange infrastructure. Weekend FX will operate from Friday 17:05 EST to Sunday 17:00 EST, a period when the spot FX market is closed, allowing clients to trade margin FX 24/7. The service will be available through LMAX Global, an FCA regulated broker and part of the LMAX Group.