Before we get to this past week’s top FX and CFDs industry news stories, we’re pleased to report that once again in July 2025 FNG had yet another month of record traffic (and newsletter subscribers, and social media followers…), despite what is usually a “summer slowdown” in the online trading business.

And the reason is simple.

As this past week’s top stories can attest (see below), virtually all the “big news” items and senior management moves in the sector appeared first or exclusively at FNG.

Without all the promotional nonsense you’ll see on other “FX news” sites.

All the major decision makers in the online trading business, and hundreds of thousands of traders, are on FNG every day.

Is you brand? Come talk to us.

As for this past week…

How did Dubai based Moneta Markets go about entering the UK online trading market, acquiring an FCA license?

Why were XTX Markets executives Alex Gerko and Zar Amrolia ordered to sit for depositions, in a lawsuit related to State Street’s Currenex?

Which CFDs broker, and longtime CIF license holder, had its authorization suspended by regulator CySEC?

Who is prop firm tech provider Axcera’s new COO?

Who is Equiti Group’s new CFO?

Which former Trive and IG Group executive was hired as the CEO of Capital.com South Africa?

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

Exclusive: Moneta Markets gets FCA license via VIBHS acquisition. FNG Exclusive… FNG has learned that Retail FX and CFDs broker Moneta Markets is set to break into the UK online trading market, acquiring FCA licensed broker VIBHS Financial Ltd. VIBHS is being acquired from Dubai based Indian businessman Piyushkumar (Piyush) Parekh. The company has held an FCA license since 2014.

iSAM Securities launches Parallax risk share model for Brokers. London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced the launch of Parallax, a proprietary risk share model designed to help brokers unlock additional value from their client flow through transparent, performance-aligned risk sharing. Parallax enables brokers to share in both the risk and reward of internalised trading activity without investing in costly risk infrastructure.

Elan Bension’s Argamon partners with TOA Labs on institutional crypto liquidity. TOA Labs, an Antigua and Barbuda registered technology-driven market-making firm, and multi-asset digital liquidity provider Argamon have announced a strategic partnership set to redefine standards for institutional crypto trading and liquidity.

Exclusive: Ben Bilski on his new AI-based venture TRUE Trading. When we reported exclusively last month that former NAGA Group CEO Ben Bilski had launched a new venture called TRUE Trading, described as the world’s first “trainable” AI DeFi trading platform, it naturally generated a lot of interest – and questions. What’s different about TRUE Trading? Why now? So we thought we’d go to the source, and ask Ben himself to explain what he’s been up to, what he’s planning, and what TRUE Trading is all about.

CySEC suspends license of CFDs broker 3anglefx.com (Triangleview). Cyprus financial regulator CySEC has announced that it has decided to suspend in whole the Cyprus Investment Firm (CIF) authorisation of Triangleview Investments Ltd. Triangleview has held a CySEC CIF license since 2020, and operates the 3anglefx.com Retail FX and CFDs brokerage brand. The company is run from Limassol, led by longtime CEO George Panagitsas. Triangleview had previously been fined €50,000 by CySEC, back in 2022, for issues regarding the protection of client funds.

XTX execs Alex Gerko, Zar Amrolia to sit for depositions in lawsuit about allegedly illicit practices on Currenex. The New York Southern District Court has issued an order compelling XTX executives to sit for depositions in a lawsuit about allegedly illegal practices of rigging FX auctions on Currenex. On August 4, 2025, Judge Lewis A. Kaplan signed an order compelling Alexander Gerko, founder and co-CEO of XTX, and Zarthustra Amrolia, former co-CEO and current Chairman of XTX, to sit for depositions.

Top FX industry executive moves this week

❑ Capital.com hires Trive / IG alum Travis Robson as CEO South Africa.

❑ Prop firm FundingPips hires FCA alum Andria Evripidou as Managing Director.

❑ Exclusive: Prop firm tech provider Axcera hires Gabriela Jakabova as COO.

❑ Exclusive: ACY / CMC alum Mark Tsang joins CFDs broker Decode Capital as COO.

❑ Exclusive: Crossover Markets expands to APAC hiring Cboe exec Lik Hui Lim in Singapore.

❑ Exclusive: 360T liquidity management head Tom Flanagan moves to Reactive Markets.

❑ Exclusive: Sean Hong named CFO at Equiti Group.

❑ Exclusive: LP Prime founder Louay Amhaz leaves the company.

❑ Exclusive: Saxo UK Activation Manager Philippe de Clauzade de Mazieux moves to TradeStation.

❑ oneZero hires LSEG FX exec Adam Collins to head Institutional Sales Americas/EMEA.

❑ Exclusive: Doo Group HR exec Anca Ioana Ionescu departs.