IPOs and Investments All Around the World

OANDA, Saxo Bank, XTB and ayondo are among the firms that appeared in last week's top stories.

During the passing week the most interesting news from the online trading industry involved stories from all around the world like an IPO in Singapore and new details about an upcoming IPO in Poland as well as a brokerage in Japan that got into the bitcoin scene.


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On Monday Saxo Bank announced the newest addition to its list of white label partners, Fidelity Asia Bank (Fab). The offshore subsidiary of Ghana-based Fidelity Bank has been headed by long term industry veteran of the forex industry, K. Duker.

Fab has been establishing its footprint in Africa and Asia, with the new partnership aiming to boost the product offering of the company. K Duker had been CEO of OANDA up until December 2013, when he was replaced by its current Chief Executive Ed Eger.

Money Partners Group Goes Bitcoin

On Tuesday it was revealed that Japan-based brokerage Money Partners Group has led the latest series B round of funding for US-based cryptocurrency exchange operator Kraken, but the terms of the deal were not disclosed.

As one of the largest FX brokers in Japan, servicing more than 270,000 clients, Money Partners Group will further its business alliance with Kraken by using its services to offer bitcoin trading, bitcoin settlement service, and blockchain-based derivatives trading to client base.

$155 Million Valuation

On Wednesday the news broke that social trading provider and brokerage ayondo is aiming to become the first FinTech company from the industry to get listed on the Singapore Exchange (SGX).

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The prospective move involves a reverse takeover transaction with a combined value of 210 million Singapore dollars with ayondo shareholders owning 75 per cent of the group. This puts the valuation of the company at about $155 million (SG$210 million), including the injection of significant fresh capital. The amount of the new capital injection has not been disclosed.

$400 Million Valuation

On Thursday Polish international group XTB Capital announced that it will be listed on the Warsaw Stock Exchange around the 6th of May 2016. The company, which is currently operating across Europe, is aiming its sights at an expansion into the Latin American market.

XTB Capital Group will float 14 per cent of its shares (16,433,709 shares) at a valuation of up to $400 million ($3.41 per share). The figure is about 50 per cent lower than estimates of some bookmakers that were first reported by Reuters earlier this month.

Danger Ahead

On Friday we reported how some brokerages, including RoboForex and HotForex, have announced changes in trading parameters for CFDs on oil due to the upcoming OPEC meeting and the potential uncertainty surrounding the outcome.

The brokers are optimizing their books and taking measures to deal with the uncertainty that is expected around the market opening hours on Monday the 18th of April. The companies claim that this is to allow their clients a continuous safe trading environment.

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