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Institutional FX

Monecor Unravels: Voluntarily Liquidates Operations in the UK

  • Cork Gully LLP's Stephen Cork and Mark Smith were appointed Joint Liquidators.
  • The company aims to settle all debts within 12 months.
by Jared Kirui
Executives

OvalX's Foulds Moves to Alvar Financial after 20 Years

  • Foulds worked for ETX Capital and OvalX as the Head of Spreadbetting Sales.
  • After the company ceased its operations in March, he looked for another post.
by Damian Chmiel
Retail FX

Exclusive: OvalX (Formerly ETX Capital) Is Officially Shutting Down

  • OvalX will close its doors on 17 March.
  • It has already sold the client book to Capital.com.
by Arnab Shome
Brokers

OvalX (Previously ETX Capital) Future in Doubt as Layoffs Begin

  • The company said there are ongoing talks of a possible merger or asset sale.
  • It noted "business as usual."
by Arnab Shome
Brokers

OvalX (Previously ETX Capital) Turns Loss in 2021, Client Count Jumps

  • Its revenue took a hit because of Brexit.
  • Its expenses also increased significantly due to investments.
by Arnab Shome
Executives

Luca Merolla Replaces Philip Adler as Oval Money CEO

  • He will head both the fintech and broker brands.
  • Adler has taken the role of Chief Business Development Officer in the company.
by Arnab Shome
Brokers

Lawrence Jones Joins Oval Money as Head of Digital Acquisition

  • Jones is a former Interim Head of Digital Marketing at Pepperstone.
  • OvalX's Head of Research and Analysis departed his role last month.
by Solomon Oladipupo
Executives

Exclusive: Andrew Saks Departs OvalX

  • Industry veteran leaves his role as Head of Research and Analysis
by Finance Magnates Staff
Brokers

ETX Capital Aims for Innovation after Rebranding to OvalX

  • The rebranding came after the integration of the services of ETX Capital and Oval.
  • The services are now provided under a new web address.
by Arnab Shome
Executive Moves

Global Kapital Group Names David Papier as GKPro’s New Head of Institutional Sales

  • Papier brings more than 12 years of broking industry experience to GKPro.
  • GKPro boosted its authorised capital by $4 million.
by Tom Hazan
Executive Moves

MillTechFX Has Appointed Aline Ungewiss to Marketing Director

  • She is a result-driven senior marketer.
  • Ungewiss joined MillTechFX in July 2021.
by Tom Hazan
Brokers

Oval and ETX Capital Merge their Brands for Financial Ingenuity and Inclusion

  • The merger combines Oval’s accessible finance with ETX’s expertise and heritage in financial markets.
by Tom Hazan
Brokers

ETX Capital Sees 48% Jump in 2020 Revenue, Client Assets Touch Record

  • The revenue of the company came in at £31.8 million.
by Arnab Shome
Executive Moves

ETX Capital Taps Andrea Di Blasio as Head of Quant Trading

  • Di Blasio joins the UK-based firm after working for companies like FlowBank and Swissquote.
by Felipe Erazo
Executive Moves

ETX Capital Secures Juan Amiguet as Its New Head of Data

  • Juan Amiguet brings ten years of software development experience in growing levels of complexity.
by Tom Hazan
Brokers

ETX Capital Gains License from South African Regulator FSCA

  • The UK-based broker is aiming to expand its business beyond the European borders.
by Arnab Shome
Executive Moves

James Mason Joins ETX Capital as Program Management Head

  • Previously, he spent seven-and-a-half years at IG in various roles.
by Arnab Shome
Brokers

ETX Capital Starts Zero-Fee Service for Top-Traded Stock CFDs

  • The broker offers trading services with thousands of stock CFDs and other asset classes.
by Arnab Shome
Brokers

ETX-Parent Guru Capital to Acquire UK Fintech Oval Money

  • The companies did not reveal the finances involved in the deal.
by Arnab Shome
Brokers

Guru Capital Closes Acquisition of ETX Cyprus

  • The financials of the deal is unknown.
by Arnab Shome
Brokers

ETX Capital Sees £2.6M Net Loss in 2019, Recovers in 2020

  • Q1 of 2020 average monthly web spread surged 144 percent from the last quarter.
by Arnab Shome
Brokers

ETX Capital Brokered Online Blockchain's $400K Fundraising

  • The proceeds will be used in the incubation of blockchain startups.
by Arnab Shome
Executive Moves

ETX Capital Names Daniel Gladding as Its Chief Risk Officer

  • Gladding brings executive experience in risk and operations, including data analytics and the regulatory environment.
by Tom Hazan
Executive Moves

ETX Capital Strengthens Executive Team with Two New Hires

  • The brokerage made a few other changes in its executive team in recent months.
by Arnab Shome
Executive Moves

ETX Capital Promotes Kayleigh Lewis as New COO

  • She joined the brokerage in 2012 and spent most of her career there.
by Arnab Shome
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