In a holiday shortened week (for many countries and regions worldwide), there was still a lot of interesting news and moves to report in the online trading sector.
Who bought the FCA regulated arm of UAE based CFDs broker Amana? What has the business been renamed? And who has been hired to run the new operation?
Which US regulatory and law-making bodies are battling for oversight of the rapidly growing Prediction Markets business?
Where did UAE based CFDs broker DB Investing choose to base its new LATAM headquarters? Who was hired to run it?
Which broker CEOs were on the move?
What other executive moves were seen at EBC, ATFX, Capital.com, FP Markets, iSAM, Tickmill, Finalto, and IG Group, among others?
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: UAE CFDs broker Amana sells UK arm to Max Koretskiy’s 11:FS. FNG Exclusive… FNG has learned that MENA region focused CFDs broker Amana, and its operator, Dubai based fintech holding company 180 Capital, have sold the group’s FCA licensed operation in the UK, Amana Financial Services UK Limited. Amana UK has been acquired by 11:FS Holdings, a partnership between 11:FS Group CEO, David Brear and Blackshield Capital founder, Max Koretskiy.
CFTC sues AZ, CT, IL on Prediction Markets citing overzealous state regulators. The struggle among the various levels of financial regulation and lawmakers in the US is heating up, as to which body should be setting rules for Prediction Markets trading. Soon after a bipartisan Senate bill was introduced to ban sports related Prediction Markets, derivatives markets regulator The Commodity Futures Trading Commission (CFTC) has announced that it has filed lawsuits challenging the actions of Arizona, Connecticut, and Illinois against CFTC-registered designated contract markets.
DB Investing expands LATAM presence with new Mexico office, hires Luisa Larios. UAE based Retail FX and CFDs broker DB Investing has announced plans to open a new office in Mexico, as a regional hub for Latin America. Leveraging Mexico as its base, DB Investing aims to gradually expand across LATAM, deploying cutting-edge trading technologies, proprietary AI, and a partner-oriented ecosystem in one of the world’s most dynamic financial regions.
Exclusive: Trade Nation revenues rise 17% in 2025 to £25M following CEO change. FNG Exclusive… Following a healthy 62% rise in its revenue base in 2024, FNG has learned via regulatory filings that FCA licensed FX, CFDs, and spreadbetting broker Trade Nation Financial UK Ltd has seen continued (but slower) growth in 2025 (fiscal year ended November 30).
Iran war volatility leads to 22% leap in March 2026 institutional FX trading volumes. Wild volatility in the financial markets during all of March 2026 following the outbreak of war in Iran and the Middle East has led, not unexpectedly, to a large jump in FX trading volumes at leading institutional eFX venues. Each of FXSpotStream, Cboe FX, EuronextFX and Deutsche Borse’s 360T saw month-over-month trading volume double digit percent increases following what was a fairly slow February.
Top FX industry executive moves this week
❑ IG hires Finalto Trading CEO Andy Biggs as Trading Director.
❑ Exclusive: EBC Financial UK CEO David Barrett departs.
❑ Exclusive: ATFX hires SquaredFinancial alum Muntaser Halaseh as VP Sales MENA.
❑ Exclusive: iSAM trading co-head Jeff Wilkins moves to JT Markets.
❑ Capital.com CSO John Austin departs.
❑ Exclusive: Lunaro hires Tickmill exec Jonnie Taylor to head Futures sales.
❑ Exclusive: FP Markets CTO Alexander Strelnikov departs.
❑ Exclusive: FP Markets Head of Development Anton Maltsev departs.
❑ FCA approves appointment of Andrew Barron as IG Group Board Chair.
❑ Exclusive: Noor Capital sales head Mohallab Alshnaigat departs.
❑ XTB legal head Jakub Kubacki withdraws resignation.
❑ Exclusive: Openmarkets hires Pepperstone alum David Jenkins as CPTO.
