FX Weekly Round Up, covering the most impactful events in the foreign exchange industry from 10-Feb-25 to 14-Feb-25. This week, we bring you the top news stories that have shaped the forex markets.
Below are the best news to keep you informed and ahead in the dynamic world of forex trading.
Saxo Bank Sells Majority Stake in Australian Business to DMA
Saxo Bank have announced the sale of its Australian business to South Africa’s DMA. This move signals a significant change in the company’s strategy regarding its APAC operations in the Australia region. DMA is the provider of leading software solutions for institutional investors, and this acquisition will allow it to increase its presence across Australia.
BCP Adopts smartTrade as Its End-to-End FX Trading Platform
smartTrade Technologies has announced the selection of its complete foreign exchange (FX) platform by Banco de Crédito del Perú (BCP), the country’s largest financial institution. The partnership will offer BCP an end-to-end solution for FX trading, including powerful functionality in the pre-trade, trade and post-trade processes.
YaMarkets Dubai and FxCareers UAE Launch Live Demo Trading Sessions
YaMarkets Dubai, in partnership with FxCareers UAE, is set to host a series of Live Demo Trading Sessions aimed at helping traders enhance their skills and gain real-world experience. These sessions are designed for those passionate about trading and eager to deepen their knowledge of financial markets.
VPFX Receives Category Five License from UAE SCA
VPFX has secured a Category Five license from the UAE Securities and Commodities Authority (SCA) for its subsidiary, VPFX Financial Services LLC. This license enables VPFX to engage in introduction and promotion activities within the UAE. However, the company will need to obtain a Category One license to offer trading services for OTC derivatives and spot market currencies.
Tradeview Expands Presence in Latin America with New Office in Lima
Tradeview is increasing its presence in Latin America, starting with a new, larger office in Lima, Peru, where the company has operated for over 14 years. The company aims to boost its local business by 50% and double operations by 2025, according to CEO Timothy Furey.
eToro Confirms Confidential F-1 Filing for US IPO Registration
eToro has officially announced its IPO filing with a registered “F-1” registration statement with regulators in the U.S. Reports suggest that eToro has engaged Goldman Sachs as the lead manager, with Jefferies and UBS as co-managers. While early speculation indicated a potential $5 billion valuation, this figure is yet to be confirmed.
MultiBank Expands UAE Presence with New CFD Trading Platform
MultiBank Group has launched UAE Contracts for Difference (CFDs) on its app and MT5 platform, enabling investors to trade Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) shares. With competitive commission rates and no minimum fees, the new offering promises improved integration for traders.
Dimitris Pitsillis Joins HFM as Head of Strategic Partnerships
HFM has announced the appointment of Dimitris Pitsillis as its new Head of Strategic Partnerships, marking a key addition to the company’s leadership team. Dimitris Pitsillis brings extensive experience in the forex and financial services industries, having previously worked at Exinity.
CFI Financial Group Opens CFI Azerbaijan to Expand Regional Presence
CFI Financial Group, a leading global online trading provider, has officially launched its new entity, CFI Financial Investment Company (CFI Azerbaijan). The grand opening took place at the modern Crescent Business Center in Baku, attended by CFI Group’s leadership, local team members, and distinguished guests.
