As we begin the countdown to year-end, the annual movement of senior executives in the FX sector has begun – with as usual all the key moves being reported exclusively (or first, before being copied elsewhere) at FNG.
Who is the GKFX group’s new CEO for its UK business, GKPro?
Where did Natallia Hunik land after leaving Advanced Markets?
Which former LMAX executive was hired as COO of multi-asset liquidity solutions provider BidX Markets?
But it was lots more than executive moves. Also this week at FNG…
Which online broker got Maria Sharapova to invest – and to act as a brand ambassador?
Which Retail FX broker seems to be losing ground (and trading volumes), at a time when others are hitting $1 trillion+ volume records?
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:
IC Markets posts client trading volumes of $1.016 trillion in November. There’s another member of the trillion dollar club. Leading Australia based Retail FX and CFDs broker IC Markets has announced that it has recorded its highest ever monthly trading volume, following a surge in client trading activity across all asset classes in November. According to IC Markets the record month is a result of its product diversification, growth into new markets and optimum trading conditions which led to clients taking advantage of high volatility in the markets. The results follow last year’s unprecedented growth across the global retail trading industry, with IC Markets reporting $9.32 trillion in trading volume for the year. The trading volumes for November eclipsed the previous high of $1 trillion achieved in March this year, at $1.016 trillion for November 2021.
Public.com welcomes Tennis champion Maria Sharapova as its newest investor. Public.com welcomes its newest investor: world-class tennis champion and entrepreneur Maria Sharapova. Public.com explains that Ms Sharapova shares its mission to make the public markets work for all people and its vision to help people become better investors. Beyond creating accessibility, Maria Sharapova is committed to making investing more approachable. With Public’s 1M+ member-strong community, made up of 40% women, 45% people of color, and 90% first-time investors, Public.com is also thrilled to welcome Maria into its community (@mariasharapova).
Exclusive: TRADANTS launches first trading game platform WSOT.com. FNG Exclusive… Following its successfully closed USD $1 million seed funding round which was reported exclusively on FNG back in October, Lars Gottwik’s new financial trading startup TRADANTS has launched its first trading game platform where traders can “play for free, but earn for real,”, at WSOT.com – World Series of Trading. TRADANTS’ World Series of Trading merges online financial trading, esport and skill-gaming into an epic game. On WSOT.com, people from all over the world will be able to participate in paper trading tournaments to hone their skills and win prizes in cash and NFTs. Thus, the platform opens many opportunities for traders to earn real money without risking their funds.
Saxo Bank volumes drop 10%+ in November, FX under $100B. It looks like November 2021 was another rough month for Saxo Bank, as the Copenhagen based Retail FX and CFDs broker has reported month-over-month trading volume declines in all of its product categories. In a month which saw a healthy increase in trading volumes at leading institutional FX venues, as well as record activity at some of its Retail FX broker competitors, Saxo Bank reported a volume decrease of 10.3% in November, $292.2 billion versus $325.8 billion in October. Saxo Bank’s core FX trading volumes dropped below $100 billion for just the second time in the past number of years, coming in at $99.2 billion, down 12.2% from October’s $113 billion.
Top FX industry executive moves reported at FNG this week included:
Lina Litvinovaite