Forex Trading

FX week in review: founder leaves, IG mgmt changes, Robinhood UK launches, Brokers and AI content

This week in FX and CFD industry news stories at FNG…

What did NAGA Group longtime CEO Ben Bilski have to say about his departure from the company he founded nearly a decade ago?

Who were named to the management C-Suite at IG Group, after the recent departure of IG’s COO and CFO?

What do FX brokers need to know about Google’s plans to crack down on AI-generated content?

Which famous athlete is Pepperstone’s new Brand Ambassador?

Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:

Exclusive: Ben Bilski leaves NAGA Group. FNG Exclusive… FNG has learned that NAGA Group founder, former CEO and most recently Chief Information Officer (CIO) Ben Bilski is leaving the company. Ben Bilski created social trading focused NAGA Group (ETR:N4G), and its main and websites, out of an initial idea called SwipeStox, meant to be an app that connects people to “swipe” and copy one another’s trades – sort of a Tinder for finance. NAGA Group came to an agreement to be acquired by rival broker late last year.

Robinhood becomes available to all customers in the UK. Today, Robinhood rolled all eligible customers off the waitlist and Robinhood is now officially available throughout the United Kingdom. With Robinhood, customers simply get more for their money, with no commission fees and no FX fees on trades, access to more than 6,000 global companies listed on US markets, and more. The broker is also launching support for several new features today including web support, rewards for signing up, and a referral program for friends and family.

How Does Google Identify AI Content, And Why Should Your Finance Brand Care? Google has announced plans to crack down on AI-generated content designed to elevate search rankings by manipulating algorithms. It intends to delist AI-generated content from its search results, and even target individuals who publish low-quality content on websites with a high reputation score. So how does Google identify AI content and more importantly, why should your finance brand care? Contentworks Agency is the leading content and communication agency for the financial services sector. Here’s what’s happening.

Pepperstone announces its newest Global Tennis Ambassador, John McEnroe. One of the greatest and most exciting players in tennis history has partnered with Pepperstone, with former World No. 1 and seven-time grand slam singles champion John McEnroe joining forces with the FX and CFD broker. McEnroe joins Australian and current World No. 9 Alex de Minaur in Pepperstone’s stable of stars, with the American becoming one of Pepperstone’s Global Tennis Ambassadors. The former champion said he was happy to join the Pepperstone team considering their track record of supporting the sport.

Top FX industry executive moves reported at FNG this week included:

Jody Dunn

Exclusive: IG Group to name Jody Dunn as COO, Sarah Gore Langton CRO.

❑ ATFX hires Graham Morris as Head of Compliance for Australia.

Werner Bürki to replace Christian Reuss as Head of SIX Swiss Exchange.

❑ DTCC names Sharon Biran its Chief Client Officer.

❑ Robinhood Markets Co-Founder Baiju Bhatt to step down from exec role.

❑ Robinhood Markets appoints Susan Segal to its Board of Directors.

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