This week’s FX and CFDs industry news was mainly about people coming and going, including a number of CEO-level moves.

Who did Dubai based broker VCG Markets hire as its new CEO?

Which senior INGOT executives moved to TenTrade?

Who did iSAM Securities name as its new Managing Director?

What did Chinese CFDs broker EBC Financial accuse its former UK Director of doing?

Which crypto prime broker received a full ASIC AFS license?

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: CFDs broker EBC accuses former UK Director of stealing £747K. FNG Exclusive… FNG has learned that China based Retail FX and CFDs broker EBC Financial Group is accusing a former Director of its UK-based, FCA-regulated arm EBC Financial Group (UK) Ltd of misappropriating funds from the company’s bank account. EBC UK has taken a write-off of £747,000 (just under USD $1 million) as a result. According to regulatory filings made by the company, the matter is currently under investigation by authorities, whilst EBC is considering its legal options.

Robinhood lays off 10% of workforce to remain “lean and disciplined”. US neobroker Robinhood Markets Inc (NASDAQ:HOOD) announced on Tuesday a workforce reduction, as part of its efforts to maintain a high performance culture, further accelerate product velocity, and remain what the company termed “lean and disciplined.” Robinhood said it is taking this action from a position of business strength, including June month-to-date average daily trading volumes at record levels.

Crypto prime broker LTP gets Australia ASIC AFS license. Singapore and Hong Kong based digital asset prime brokerage LTP has announced that it has successfully obtained an Australian Financial Services (AFS) license from the Australian Securities and Investments Commission (ASIC). Last year LTP brought on board experienced FX and CFDs industry executive Eric Wang (ex CBCX, CITIC Securities, 26 Degrees, CMC Markets) as its new Head of Australia.

Deriv launches TradersView AI-based market intelligence platform. Leading Retail FX and CFDs broker Deriv has announced the launch of TradersView, a free market intelligence platform that consolidates AI-powered trade signals, live price analysis, economic calendar data, and trending news in a single interface. The platform brings together market intelligence that traders typically gather from separate sources.

Centroid partners with TRAction to streamline regulatory trade reporting. Centroid Solutions, a global capital markets technology provider, and TRAction, a leading regulatory reporting specialist, have announced a strategic partnership designed to streamline and enhance regulatory reporting processes for mutual clients. Through this partnership, trading data flows seamlessly from Centroid Solutions’ infrastructure directly into TRAction’s reporting systems, significantly reducing manual intervention while improving the accuracy, efficiency and reliability of regulatory reporting workflows.

MahiMarkets expands its offering in Dubai to support the Gulf’s multi-asset brokers and prop firms. MahiMarkets has expanded its offering in Dubai to support the Gulf’s multi-asset brokers and prop firms to lead the shift to agentic operations, as Dubai pursues its ambition to become the world’s first AI-native financial centre. Dubai is a priority growth region for MahiMarkets over the coming year, with plans to expand headcount, and engage with the Emirates’s financial services community as the AI-native market takes shape.

Top FX industry executive moves this week

❑ Equiti exec Brian Myers leaves for CEO role at CFDs broker VCG.

❑ Offshore CFDs broker TenTrade hires INGOT execs Andreas Andreou, Marios Morfakis.

❑ Kraken promotes Stavros Vassiliades to COO EU.

❑ Exclusive: Hayel Abu-Hamdan joins INFINOX as CBO.

❑ Jean Nahas joins HFM as UAE Senior Executive Officer.

❑ iSAM Securities appoints Neill Burger as Managing Director.

❑ iFOREX appoints Daniel Shalom as COO.

❑ Fiserv appoints Takis Georgakopoulos as CEO.

❑ Terry Duffy to step down as CME Group CEO and transition to Exec Chairman in March 2027.