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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

Oval Money’s Daniel Gladding Joins eToro UK as Chief Risk Officer

  • Ex-OvalX execs are taking up roles at other firms after the broker shut down in March.
  • Gladding previously worked for Admirals, StoneX and IG Group, among others.
by Solomon Oladipupo
Executives

Ex OvalX Seniors Move to BidX Markets, Trade Nation and Alvar

  • OvalX ceased operations on March 17, 2023, after selling assets to Capital.com.
  • Last week, Mark Foulds moved to Alvar Financial after over 20 years at OvalX.
by Solomon Oladipupo
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
Executives

Capital.com Hires IG Group’s Niamh Byrne as Head of UK & Ireland

  • Byrne is to provide execution support for Capital.com's new deal with OvalX.
  • She spent 14 years at IG Group before joining Capital.com.
by Solomon Oladipupo
Retail FX

EXCLUSIVE: London FX Broker Capital.com Buys OvalX’s Client Assets

  • OvalX recently said it was considering a possible merger or asset sale.
  • The broker reported a pre-tax loss of £9.2M in FY21.
by Solomon Oladipupo
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
Executives

Oval Money Hires OANDA’s Ella Gumus as Senior Affiliate Marketing Manager

  • Gumus left OANDA in June 2022.
  • She brings about 10 years of marketing experience to the new role.
by Solomon Oladipupo
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
Thought Leaders

Are You Still Watching? Netflix Lays Off Staff as Subscriber Numbers Fall

  • Netflix is letting go of 300 employees, barely a month after its last round of layoffs.
by Ovalx
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