Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • A-book forex brokers VS A-book brokers, differences? forex news
  • Apex Fintech Solutions acquires CODA Markets parent PDQ Enterprises forex news
  • BDSwiss adds payments for Latin America clients via PayRetailers forex news
  • HYCM Celebrates 45 Years of Group Success forex news
  • Dukascopy plans to cut leverage on RUB pairs forex news
  • FINRA imposes $250,000 fine on StockCross Financial Services forex news
  • Exclusive: ThinkMarkets UK revenue up 13% in 2020, but client assets decline forex news
  • Evonne Tan named Head of Barclays Private Bank, Singapore forex news

FX week in review: IG sells Nadex, Steven Cohen’s FX deal, PFOF attacked

Posted on 2021-12-06 By admin No Comments on FX week in review: IG sells Nadex, Steven Cohen’s FX deal, PFOF attacked

Who acquired IG Group’s US-based regulated binary options business Nadex?

Which up-and-coming institutional FX and crypto company got billionaire Steven A. Cohen’s attention, to the tune of a $14 million investment?

What did social trading focused broker Public.com have to say about how competitor Robinhood’s PFOF client trade execution system was inferior to its model?

What executive changes involves LMAX, Match-Trade, Match-Prime, and Concordium?

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:


IG Group to sell Nadex and Small Exchange for $216M to Crypto.com. Electronic trading major IG Group Holdings plc (LON:IGG) today announced the proposed sale of North American Derivatives Exchange, Inc. (Nadex) and Small Exchange, Inc, the latter of which the Group owns approximately 39%, to Foris DAX Markets, Inc. The proposed sale is a cash transaction with an approximate, aggregate price for the IG shareholdings in both companies of $216 million. The closing of the transaction is expected to be in the first half of 2022, subject to the satisfaction of customary conditions, including regulatory review. IG says that the deal would not materially impact full-year adjusted operating profit expectations nor the medium-term revenue growth guidance for High Potential Markets previously provided in July 2021.

Mets owner Steve Cohen invests $14M in 24 Exchange via Point72 Ventures. 24 Exchange, the Bermuda based offshore electronic trading venue founded by former FastMatch CEO Dmitri Galinov, has announced today that it has raised a $14.25 million funding round led by investment firm Point72 Ventures, run by New York Mets billionaire owner Steven A. Cohen. The investment will support the continued expansion of the company’s robust multi-asset trading platform to encompass additional asset classes, including equities and cryptocurrencies. This expansion will also bring new trading options to 24 Exchange’s growing base of institutional market clients.

Playtech shareholders approve $250 million Finalto sale. Online gaming and financial services company Playtech plc (LON:PTEC) has announced that its shareholders have voted overwhelmingly in favour of the company’s agreed-upon $250 million sale of its Financials division, Finalto, to Hong Kong based Gopher Investments. Playtech’s financial services division comprises the Finalto-branded institutional services business, and Retail FX/CFDs broker Markets.com. FNG readers will recall that Playtech shareholders resoundingly rejected the previous planned sale of Finalto earlier this year for $210 million. However, that was likely because shareholders expected a significantly better offer for Finalto to emerge, which did eventually happen.

Public.com attacks Robinhood and PFOF brokers with trade execution data. Social trading brokerage startup Public.com, in the news recently for engaging supermodel brand ambassadors, sports all-stars, and adding crypto trading, has issued a fairly interesting take on payment-for-order-flow, or PFOF. PFOF – which Public.com eschews – is a method by which most of Public.com’s competitors such as Robinhood make money, i.e. offering commission-free trades by selling customer order flow to institutional market makers. Used by numerous US retail brokers but basically banned in Europe and Australia, there has been much debate in the online trading industry as to whether or not PFOF has been a net positive or negative for retail clients.

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

Przemyslaw Wojtyna

forex news Tags:forex-news

Post navigation

Previous Post: Hargreaves Lansdown appoints Amy Stirling as CFO
Next Post: CFTC to push for final judgment against GNTFX operator

Related Posts

  • Danske Bank to merge MobilePay, Vipps and Pivo forex news
  • Lirunex Review 2022 – Is it a Safe and Trusted Broker? forex news
  • CLSA Premium issues profit warning for FY2021 forex news
  • Trial of former Nomura trader James Im gets postponed until 2022 forex news
  • Court dashes Elon Musk’s complaint about SEC conduct forex news
  • FINMA approves first Swiss crypto fund forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • Cornerstone FS hires Asia payments team from Vorto Trading forex news
  • Operator of Bitcoin “mixer” Helix pleads guilty to money laundering forex news
  • Robinhood launches “friends and family” directed share IPO program forex news
  • Citi, former head of FX trading desk try to resolve discovery disputes forex news
  • Nadex bans trader for failure to respond to requests for info forex news
  • Robinhood responds to market manipulation claims in short squeeze lawsuit forex news
  • FCA issues statement on RTC Management Solutions Ltd forex news
  • BNY Mellon expands Custody FX offering by adding FX algo capabilities forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme