A financial-industry roundup published on October 26 covered broker performance, regulatory plans and platform services. Plus500 raised its annual outlook, OANDA Japan paused withdrawals after a server intrusion, and FXOpen UK applied to surrender its licence and close client accounts. The roundup gave no financial metrics, timetable for restoring withdrawals or update on the licence application, leaving the scale of the impact unclear pending further company and regulatory information.
Broker results and client services
Plus500 raised its annual outlook, but no revised figures or underlying revenue or profit measures were provided. The change may affect how markets assess the company's full-year performance, although the size of the revision and the contributions from individual business lines cannot be assessed from the information available.
Japanese forex broker OANDA Japan suspended withdrawals after its server was breached. No details were provided on when the intrusion occurred, how many accounts were affected, the status of client funds or when withdrawals might resume. Clients' immediate concerns are the availability of withdrawals and the timing of service restoration; the technical cause and the company's response have not been disclosed.
FXOpen UK applied to surrender its licence and is closing client accounts. The status of the application with regulators, the account-closure arrangements and any plans for transferring client assets were not specified. The licence change and service closures make the company's instructions to clients, along with any updates from the UK's Financial Conduct Authority (FCA), relevant to how customers manage their accounts.
FCA rules, trading hours and platform plans
The FCA plans to revise its rules for senior managers. No proposed wording, affected groups or implementation date was given, so the scope of any changes for firms and their executives remains unclear.
Webull extended its options trading hours, while Match-Prime joined iSAM Securities Apex. The new hours at Webull and the services or commercial arrangements covered by Match-Prime's integration were not specified. The announcements concern trading availability and a platform partnership, but further product and operational details were not provided.
IG plans to enter prediction markets and is seeking a UK gambling licence. The company has not set out a launch date, the proposed product format or the status of its licence application. The plans point to a potential expansion of IG's business, while the licence application remains a regulatory step in its UK strategy; both are still at the planning or application stage.
Executive moves, NAGA and market-data tools
The roundup reviewed 275 senior executive moves across the industry and highlighted executive destinations in trading, competition for artificial intelligence talent and Dubai's appeal to industry professionals. It did not provide names, specific appointments or a breakdown of the data. NAGA, meanwhile, recorded lower profits alongside higher marketing costs. No figures or reporting period were given, limiting assessment of how the two changes affected its results.
FM Intelligence launched FMIQ (FM Intelligence Quantitative), a tool that lets users query data in natural language through its Portal. The product covers seven datasets: trading volumes, traffic, platforms, market movements, regulation, fines and licences. Results include data, time periods and sources, and are subject to independent quality checks. Users can ask follow-up questions, and queries run in real time; the read-only tool does not alter underlying data.
FMIQ is aimed at editorial, commercial, research and analysis, and compliance teams. Pricing and access terms were not provided.