Who is behind the launch of new UAE licensed Retail FX and CFDs broker Traders’ Hub?

Who did ACY Securities tap to lead its new Prime Services unit ACY Connect?

Which major regulator extended its ban on offering Binary Options to retail traders – to 2031?

Which former Capital.com CEO joined rival Skilling, as Executive Chairman?

Answers to these questions, and a whole lot more, appeared first or exclusively this past week at FNG. Some of the most read and commented-on FX industry news stories to appear over the past seven days on FNG included:

Former ADSS execs launch UAE licensed FX/CFDs broker Traders’ Hub. Traders’ Hub (at website tradershub.ae) was formed and is being run by three former colleagues at UAE based Retail FX broker ADSS – CEO Suhail Al Otaiba, who was Head of Strategic Client Coverage at ADSS from 2012-2019, COO Ahmed Al Katheeri, an ADSS Senior Vice President (SVP) from 2012-2019, and Ahmed Ayoub, also a Senior Vice President at ADSS from 2014-2018. At Traders’ Hub Mr. Ayoub will be Chief Business Development Officer (CBDO).

Exclusive: ACY Securities names Andrew Taylor head of new Connect prime services. FNG Exclusive… FNG has learned that Australia based Retail FX and CFDs broker ACY Securities has decided to become the latest retail shop to take a leap into the world of institutional prime brokerage, launching a new company called ACY Connect. The company plans to name Andrew Taylor as Managing Director of ACY Connect. Andrew Taylor joined ACY earlier this year from leading Australian broker IC Markets, where he was General Manager, as was also exclusively reported at the time here at FNG.

ASIC confirms Binary Options ban extension to 2031. Australia financial regulator ASIC has announced that it has extended its product intervention order banning the issue and distribution of Binary Options to retail clients until 1 October 2031. The ban was initially for a year, but this past May the regulator announced plans to extend the Binary Options ban to 2031, which has now been approved. ASIC said that its extension of the product intervention order ensures Binary Option protections in Australia remain in line with those in force in comparable markets overseas.

Invast selects oneZero as core technology provider for Prime Services business. Multi-asset enterprise trading technology solutions provider oneZero has announced that Australia based Invast Global has selected oneZero for their core trading technology needs across their global institutional business, replacing several incumbent systems. The oneZero solution now handles the complexities of an institutional business that delivers services via servers in London, New York and Tokyo, while adding reporting sophistication that helps to set their trading and hedging strategies for competitive performance and profitability.

Acuity releases AssetIQ multi-asset research tool for brokers. Sentiment based trading tool developer Acuity Trading has announced the launch of its latest online trading tool and broker offering, AssetIQ. AssetIQ is a centralised multi-asset research experience, bringing together Fundamental, Technical, Sentiment and Alternative data viewpoints to deliver a deeper understanding of what is driving individual asset performance.

Top FX industry executive moves reported at FNG this week included:

❑ Exclusive: Former Capital.com CEO Jon Squires joins Skilling.

❑ Exclusive: Former OvalX (ETX Capital) CEO John Wilson steps off the Board.

❑ IG North America hires Catherine Davis as CMO.

❑ ADSS hires Mark Hudson to head Global HR.

❑ Exclusive: IG Group hires Spectrum Markets exec Tobias Stöhr as Head of Sales Germany.

❑ Invast hires AMP Capital exec Andrew Bradshaw as Head of Prime Services.

❑ INFINOX hires Gold-i exec Isabella Mannucci for IXO Prime Institutional Sales LatAm.