Home » Weekly FX Highlights: Sales, Hacks, and New Regulations

Weekly FX Highlights: Sales, Hacks, and New Regulations

by FXInsider

In recent developments within the Forex and CFD industry, notable events have unfolded, reflecting shifts in corporate structures, regulatory responses, and executive movements.

One major news item involves a significant acquisition in the trading sector. A prominent online trading firm has successfully concluded the sale of its subsidiary, Small Exchange Inc, to Payward Inc, which is known as the parent company of the cryptocurrency exchange Kraken. This transaction is valued at a substantial $100 million, which primarily consists of monetary and stock considerations. Following this deal, a partnership agreement has been established, allowing the selling firm to distribute new products from the Small Exchange under Kraken’s umbrella.

Meanwhile, operational challenges have also surfaced for retail FX and CFDs brokerage operator Doo Group. The firm recently suffered a cybersecurity breach, resulting in unauthorized access to its official Instagram account. This compromised account has left the company grappling with reputational damage and operational setbacks, particularly concerning its offshore CFDs brand, D Prime.

On a regulatory front, the German financial authority, BaFin, has taken decisive action regarding Turbo certificates trading. Following a warning earlier this year concerning rising retail losses exceeding €3.4 billion, BaFin has moved to introduce product intervention measures. These new regulations will be effective starting June 2026, marking a significant response to market volatility and consumer protection concerns.

In a contrasting trend, Hantec Markets, a retail FX broker, reported an exceptional third quarter for 2025, achieving record trading volumes of approximately $725.5 billion. This represents a 20% increase from the previous quarter and a remarkable 65% rise compared to the first quarter of the same year. The company attributes this growth to recent senior hires, new product offerings, and strategic shifts in its operational focus.

Turning to personnel news, several notable executive placements have been announced in the industry. Maria Evripidou, formerly the Head of Product at NAGA, is set to join XM.com, enhancing their team. In another strategic hire, MultiBank has appointed Dana Massey, a former employee of Capital.com, as its Chief Product Growth Officer. Additionally, Ollie Rosewell has been appointed as the CEO of Eightcap UK, and Daniele Magazzeni has been named Chief AI Officer at UBS. Tradeweb has also announced the appointment of Rich Chun as Managing Director and Head of Asia, while Phillip Wu is stepping into the role of Managing Director and Head of Trading Operations at HKEX.

This week, the FX and CFD sector has witnessed a blend of corporate transformation, regulatory intervention, and executive changes, all of which underscore the dynamic nature of the trading environment. Observers remain keenly aware of how these developments will shape the industry landscape in the ongoing pursuit of growth, security, and regulatory compliance.

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