City Index Makes Managerial Changes, COO Simon Bird Departs
Thursday,26/09/2013|18:14GMTby
Adil Siddiqui
Forex Magnates has learned that City Index’s Chief Operating Officer will be leaving the firm. Simon Bird is moving on from his position at the broker, he joined in the midst of the crisis in 2008 from Bear Stearns.
One of the top four UK based spread betting and CFD providers has succumbed to the evolving market place. Forex Magnates has been informed by sources close to the matter, that City Index’s star hire from Bear Stearns is leaving the organisation owned by ICAP’s Michael Spencer.
The firm, which was one of the pioneers in margin-based investment products for both retail and institutional investors in the UK, has been facing an uphill struggle as competitor, IG, dominates the market. City Index was established in 1983, and eight years later the company launched its CFD Trading function in the UK.
Forex Magnates was informed that City Index’s Chief Operating Office (COO), Simon Bird, will be leaving the firm. City Index is positioned as the fourth most popular broker in both spread betting and CFD trading in the UK, according to the Investment Trends leveraged trading report, 2012. The report states that City Index saw its market share decline in the UK CFD market by 1%, in July 2011 it had 7% market share, and in July 2012, it had 6% market share.
The disappointing news reinforces the tough operating conditions for brokers in the margin trading business. In its 2011 annual report, the firm recorded a £9.65 million profit, faring better than its dismal performance in 2010, where it suffered a hefty £5.4 million loss.
A spokesperson commented about the recent changes to Forex Magnates, “City Index is making a number of organizational changes, consistent with our strategy of developing our international business and growing revenues in EMEA and APAC.”
Details from Mr Bird’s Linkedin profile show that he was previously Senior Managing Director at Bear Stearns from 1999 to 2008. Prior to that, he was an Equities and derivatives trader at Nat West Securities from 1986 to 1999.
Simon Bird is registered as the firm's COO as per Companies House, the main UK database on registered companies. In addition, Simon Bird is registered on the FCA register as a CF1 Director for the firm, since December 2008.
City Index has been involved in a spree of takeovers over the last decade, and most recently it purchased FX Solutions in an attempt to fill the gap in its FX offering.
City Index acquisitions:
Finspreads
FX Solutions
IFX Markets
City Index offers a range of financial instruments across its global offices, under the About Us section on its website it states that, "As a group, we have over 400 employees worldwide and offices in the UK, Poland, Singapore, China, Israel and Australia. We transact in excess of 2 million trades every month for individuals in over 50 countries worldwide."
One of the top four UK based spread betting and CFD providers has succumbed to the evolving market place. Forex Magnates has been informed by sources close to the matter, that City Index’s star hire from Bear Stearns is leaving the organisation owned by ICAP’s Michael Spencer.
The firm, which was one of the pioneers in margin-based investment products for both retail and institutional investors in the UK, has been facing an uphill struggle as competitor, IG, dominates the market. City Index was established in 1983, and eight years later the company launched its CFD Trading function in the UK.
Forex Magnates was informed that City Index’s Chief Operating Office (COO), Simon Bird, will be leaving the firm. City Index is positioned as the fourth most popular broker in both spread betting and CFD trading in the UK, according to the Investment Trends leveraged trading report, 2012. The report states that City Index saw its market share decline in the UK CFD market by 1%, in July 2011 it had 7% market share, and in July 2012, it had 6% market share.
The disappointing news reinforces the tough operating conditions for brokers in the margin trading business. In its 2011 annual report, the firm recorded a £9.65 million profit, faring better than its dismal performance in 2010, where it suffered a hefty £5.4 million loss.
A spokesperson commented about the recent changes to Forex Magnates, “City Index is making a number of organizational changes, consistent with our strategy of developing our international business and growing revenues in EMEA and APAC.”
Details from Mr Bird’s Linkedin profile show that he was previously Senior Managing Director at Bear Stearns from 1999 to 2008. Prior to that, he was an Equities and derivatives trader at Nat West Securities from 1986 to 1999.
Simon Bird is registered as the firm's COO as per Companies House, the main UK database on registered companies. In addition, Simon Bird is registered on the FCA register as a CF1 Director for the firm, since December 2008.
City Index has been involved in a spree of takeovers over the last decade, and most recently it purchased FX Solutions in an attempt to fill the gap in its FX offering.
City Index acquisitions:
Finspreads
FX Solutions
IFX Markets
City Index offers a range of financial instruments across its global offices, under the About Us section on its website it states that, "As a group, we have over 400 employees worldwide and offices in the UK, Poland, Singapore, China, Israel and Australia. We transact in excess of 2 million trades every month for individuals in over 50 countries worldwide."
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
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Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
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#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
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While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
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📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
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🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
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What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
