FX week in review: NAGA buys TRADE.com UK, Argentex troubles and buyout offer, executive moves

How a lot did social buying and selling centered on-line dealer NAGA Group pay to amass TRADE.com UK? (And why?)

What led to the abrupt departure of Argentex CEO Jim Ormonde, and a suggestion to purchase the corporate at a 94% low cost to final week’s Argentex share value?

The place did Kama Capital CMO Elena Kupriianova go away to? IG Group CRO Joe McCaughran? Finalto and Markets.com Chief Market Analyst Neil Wilson?

Among the most learn and commented-on FX/CFD trade information tales to look over the previous seven days on FNG included:

Prime FX and CFDs trade information tales this week

NAGA acquisition of TRADE.com UK: £1.24 million. On-line brokerage agency NAGA Group (ETR:N4G) has issued a quick assertion relating to its acquisition of Commerce Capital UK (TCUK) Ltd – the London primarily based, FCA regulated arm of the TRADE.com CFDs brokerage group – following FNG’s report from earlier that NAGA had certainly acquired the TRADE.com UK enterprise.

IFX Payments offering 2.49p per Argentex share, provides £6.5M bridge loan. Embattled FX danger administration firm Argentex has supplied an replace to its discussions with IFX Funds relating to a attainable acquisition provide, after Argentex earlier this week introduced that it had seen a deterioration in its close to time period liquidity place as a consequence of important volatility in Foreign exchange charges. The Board of Argentex Group plc (LON:AGFX) confirmed that it’s in superior discussions with IFX Funds relating to a attainable provide for the corporate.

Exclusive: Kama Capital CMO Elena Kupriianova departs, launches Growth Inquisition. FNG Unique… FNG has realized that Elena Kupriianova, the Chief Advertising Officer (CMO) of Dubai primarily based Retail FX and CFDs dealer Kama Capital, has left her place with the corporate to launch a brand new CMO-as-a-service operation referred to as Progress Inquisition. Elena describes Progress Inquisition as a solo CMO-for-hire service through which I audit your advertising spend, crew construction, and efficiency, after which present you slash prices by 50–90% utilizing AI and automation.

Aston Martin Aramco F1 takes equity stake in new US sponsor Public. On-line investing supplier Public.com has introduced that the corporate has partnered with the Aston Martin Aramco Formulation One crew as a part of a multi-year partnership, beginning with the 2025 U.S. Grand Prix Marketing campaign, spanning Miami, Austin, and Las Vegas. Because the official US Investing companion, Public’s branding will likely be on the within halo of the AMR25. The partnership will even see Aston Martin Aramco take an fairness place in Public.

Taurex denies allegations of fraud and withdrawal issues. Retail FX and CFDs dealer Taurex has issued an announcement addressing what it calls false claims being made in opposition to it involving fraud and withdrawal points, in addition to naming quite a few unauthorised web sites falsely misrepresenting themselves as affiliated with Taurex.