FX week in overview: ATFX South Africa acquisition, FXCubic acquired, T4B administration shuffle

This week’s FX and CFD business information was led by M&A, with ATFX persevering with its international enlargement by buying a licensed dealer in South Africa, and liquidity aggregation resolution supplier FXCubic being bought.

There have been additionally plenty of government strikes together with a administration reshuffle at MT4 tech supplier Instruments for Brokers. And, plenty of partnerships between B2B firms, a generally recurring theme of late, as suppliers look to have the ability to ship extra full turnkey options to brokers and excessive finish buying and selling companies.

Among the most learn and commented-on FX/CFD business information tales to seem over the previous seven days on FNG included:

ATFX acquires licensed ODP Khwezi Monetary Providers in South Africa. Main on-line buying and selling providers supplier ATFX has introduced the acquisition of a licensed ODP (Over-the-Counter Spinoff Supplier) in South Africa, following the profitable buy of Khwezi Monetary Providers, which is regulated by the Monetary Sector Conduct Authority (FSCA). The corporate mentioned that this strategic transfer additional solidifies ATFX’s international presence and strengthens its place as a key participant within the on-line buying and selling business.

Banyan Software program buys pricing aggregation options supplier FXCubic. Pricing aggregation options supplier FXCubic has introduced that the corporate has been acquired by Banyan Software program, a Toronto based mostly firm which focuses on buying enterprise software program companies. FXCubic, based mostly in London, was based in 2016 by Ege Kozan, Sencer Coltu, and Cem Kozan. The corporate offers a sophisticated pricing aggregation resolution that empowers retail buying and selling brokers with low-latency entry to a community of liquidity suppliers, together with banks, hedge funds, and extra.

IC Markets launches IC Shares money fairness investing. IC Markets, a distinguished on-line buying and selling service supplier with over 15 years within the business, is thrilled to announce the launch of IC Shares, an enlargement of their product vary to bodily fairness funding. The prevailing product enlargement encompasses money fairness investing in firms listed on the Australian Securities Trade (ASX) and Cboe. This represents a big milestone for the corporate, including to its in depth choices tailor-made to its valued Australian clientele.

Match-Commerce companions with FPFX Tech on a seamless Prop Buying and selling resolution. Prop buying and selling know-how options supplier FPFX Applied sciences has introduced that it has seamlessly built-in its superior CRM system with Match-Commerce’s Match-Dealer platform. The events mentioned that this strategic alliance is designed to forge a streamlined and highly effective resolution tailor-made to the evolving wants of proprietary buying and selling companies.

Devexperts and FX Blue associate on turnkey buying and selling resolution for CFD brokers. Devexperts, the builders of DXtrade, an out-of-the-box buying and selling platform with an open API, has introduced a partnership with FX Blue Labs, a world supplier of FinTech options to CFD and unfold betting brokers. The combination combines the DXtrade back-end with FX Blue’s feature-rich and configurable net and cell front-ends.

High FX business government strikes reported at FNG this week included:

Albina Zhdanova

❑ Instruments for Brokers administration shuffle – Albina Zhdanova named CCO, Vladimir Viuchejskiy COO.

❑ ActivTrades hires Admirals exec Matteo Paganini as CCO.

Unique: Payabl exec Isavella Frangou joins ISX Monetary as SVP Gross sales.

❑ oneZero promotes Alex Neo, Lynnette Yeo in international development push.

Unique: Curex exec Andre Severi named Head of Gross sales EMEA at LMAX.

Unique: Startrader BizDev exec Ahtesham Amin Syed joins Doo Prime.