Mergers and acquisitions were top-of-mind in the FX and CFDs arena this past week. One of the leading and oldest brokers out there – Saxo Bank – was acquired by a surprise buyer from outside “the industry”, and broker technology provider Panda is facing a court-ordered forced sale of the company to a third party.
Who stepped up to buy Saxo Bank? And how did the price compare to Saxo Bank’s 2022 IPO attempt at a €2 billion valuation?
Why is Panda Trading Systems being sold?
What is NAGA Group founder and ex CEO Ben Bilski’s new crypto trading venture all about?
Why did Robinhood and BUX face multi-million dollar fines this week?
Which executive changes were seen at Leverate, Saxo Bank, ATFX, NAGA Group, StarTrader, 4OTC, and Daman Markets, 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:
