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Saxo Bank reported record client assets and higher client numbers in 2025, alongside an ownership change and new leadership. While income rose, reported net profit declined, though adjusted net profit remained solid.
The Financial Conduct Authority has set out a vision for open finance aimed at giving consumers and businesses greater control over their financial data. The plans focus on improving access to credit, mortgages and personalised services, while supporting innovation and competition.
Axi Financial Services (UK) Limited reported a 320% jump in net profit to nearly $10.2 million for the fiscal year ended 30 June 2025, driven by a 56% rise in revenue to $59.3 million. The UK CFDs broker also expanded its product set with the launch of physical cryptocurrency trading under Axi Buy Crypto.
CMC Markets has selected Upvest to power a new multi-currency cash equities offering in Germany, allowing clients to trade UK, European and US securities in their native currencies. The move marks a step in CMC's strategy to evolve from a CFD-focused broker into a broader multi-asset retail platform. The German rollout will mirror the firm’s zero-commission model launched in the UK earlier this year.
Bloomberg has introduced MYQ, a pre-trade tool that uses natural language processing to extract FX quotes from Instant Bloomberg chat and consolidate them into a single price view. The tool is designed to enhance price discovery and feed into the FXGO multi-bank trading platform, positioning Bloomberg against rival providers in institutional FX data and messaging.
The European Securities and Markets Authority has released reporting templates and instructions for the Active Account Requirement under EMIR 3. The move aims to harmonise AAR reporting across the EU ahead of the first submission in July 2026.
The UK Financial Conduct Authority has published a warning about Recitycopy, stating the firm may be offering or promoting financial services without FCA authorisation. The regulator advises consumers to avoid dealing with the firm and highlights the risk of scams and lack of regulatory protections.
Poland's XTB has obtained Category 1 and Category 2 licences in the United Arab Emirates, enabling it to locally onboard clients and execute trades. The move builds on its existing DFSA and Category 5 CMA authorisations and supports its regional expansion strategy.
A review of 154 CySEC-regulated forex and CFD firms finds that many conflict-of-interest frameworks are outdated and misaligned with current business models, especially in digital platforms and affiliate-driven distribution, raising expectations of future enforcement under ESMA’s CSA.
ASIC has permanently banned financial adviser Aristotle Papapavlou from providing financial services and engaging in credit activities. The regulator found he engaged in dishonest, misleading and unprofessional conduct, including involvement in a high-volume advice process at Venture Egg related to investments in Shield and First Guardian.
The UK Financial Conduct Authority has issued a warning about Investing ib, stating the firm is not authorised and may be targeting people in the UK. Consumers dealing with this firm are unlikely to have access to regulatory protections or compensation schemes.
Spotware Systems has signed a technology agreement with prop trading firm FundingRock to use cTrader as the platform for FundingRock’s simulated evaluation programs. The deal integrates FundingRock’s challenges into the cTrader ecosystem and Store, amid broader shifts in the prop trading platform landscape.
