Which three experienced industry executives have reunited to launch institutional Prime-of-Prime liquidity, execution and risk management firm JT Prime?

Why did shares of etoro trade down by 8% last Tuesday, in the process hitting a new all-time low?

Who did Kudo tap to head its prop unit Kudo Funded?

Where did former IC and TMGM marketing head Andrea Faleburle just land?

What other executive moves were seen at Trade Nation, OneRoyal, Xellion, B2PRIME, Match-Prime, MAS Markets, oneZero, and ATFX?

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

JT Prime launched by Raj Sitlani, Jonathan Brewer and Jeff Wilkins. It was just a matter of time. Following our recent reports that former prime broker and liquidity/risk services firm iS Prime (later rebranded as iSAM Securities) co-founders Raj Sitlani and Jonathan Brewer were behind the launch of a new retail offshore CFDs broker called JT Markets, it comes as no surprise that the two (along with Jeff Wilkins) have expanded their new business to include JT Prime, a new institutional Prime of Prime (PoP) operation.

etoro shares down 9%, hit all-time low on poor Q3 results. Shares of Israel based online broker etoro Group Ltd (NASDAQ:ETOR) traded down by 9% early Tuesday, after the company released Q3 2026 results that clearly disappointed investors. Before digging into what went right and wrong for etoro this quarter, a quick look at the “big picture” tells a good part of the story. etoro quarterly Revenues (or what it calls “Net contribution”) fell by 19% from what was already a disappointing Q2, and at $186 million were the lowest they’ve been since Q3 2024 – before the company went public (in May 2025).

Leverate launches advanced CRM for MT4/MT5 brokers adding intelligent automation. Leading broker tech provider Leverate has announced the launch of its advanced CRM, designed to move brokerage operations beyond managing information toward turning data into decisions and routine processes into automated action. Built for growing and established CFD brokers, the CRM supports MT4, MT5 and Leverate’s white-label trading platform without requiring firms to replace their trading infrastructure.

Court approves IG Group move to Jersey. Further to our report from early July that leading UK online broker IG Group (LON:IGG) intends to establish a new Group holding company incorporated in Jersey, as part of a reorganization and streamlining of its operating model, IG has announced that the Court has made a Court Order sanctioning the Scheme.

ASIC warns it will cancel broker licenses over use of improper lead generators. Australia financial regulator ASIC has issued a fairly sternly worded warning to licensed CFDs brokers and others under its purview, regarding the use of lead generators. ASIC said that its recent review of lead generation activity in the financial advice sector has uncovered examples of involvement of unlicensed or unqualified lead generators in the advice process, exposing oversight failures by licensees.

Top FX industry executive moves this week

❑ Kudo taps FunderPro exec Felice Digennaro to head prop unit Kudo Funded.

❑ Exclusive: Trade Nation payments and client onboarding head Tariq Ahmed departs.

❑ Exclusive: OneRoyal Global Head of Sales Gebran Massabni departs.

❑ Exclusive: Offshore CFDs broker Xellion hires EBC / VT Markets alum Ramesh Mungara to head Sales.

❑ Former IC and TMGM marketing head Andrea Faleburle joins as MD of Memento Media Network.

❑ B2PRIME hires Exante/oneZero alum Malcolm Collins as Head of Market Development.

❑ Match-Prime hires Kraken exec Andreas Englezoudis as Head of Dealing on Own Account.

❑ MAS Markets hires Swiss Finance Corp Head of eFX Sales Gareth Palmer.

❑ Exclusive: oneZero taps Axi exec Roy Ng as SVP of Retail Products.

❑ ATFX hires easyMarkets/CXM alum Kiran Mahida for India bizdev.

❑ Crypto exchange Bullish taps ex NYSE chief Stacey Cunningham as President.