CMC Funded Traders Gain Match-Trader Platform, AI Analytics

Trade Nation has acquired FXCM's UK client book, and Trading 212 reported a 70% increase in revenue, according to a daily round-up of brokerage and fintech developments. The same briefing noted that the US Commodity Futures Trading Commission (CFTC) has moved to permit perpetual index futures.

The transfer of FXCM's British client base to Trade Nation reshapes the competitive landscape among UK-facing retail brokers, consolidating clients under a rival platform. Trading 212's revenue growth, meanwhile, points to continued retail engagement with low-cost trading apps despite a crowded market.

The CFTC's decision to allow perpetual index futures is the regulatory element of the day for listed derivatives, potentially widening the range of contracts available to US market participants.

Executive and product moves

Separately, the round-ups covered IG Group losing two technology chiefs, alongside a report that the group expects lower revenue in its third quarter. Pepperstone was cited for double-digit revenue growth, while eToro was reported to be backing a euro-denominated stablecoin.

On the platform side, CMC Funded Traders gained access to the Match-Trader platform along with AI analytics, and Match-Trader itself launched an MCP. MetaQuotes added Benzinga news to its offering, and CFI introduced seven-day gold trading.

Regulatory and market-structure items included EU regulators questioning Binance's use of reverse solicitation, the FCA opening a crypto authorisation window, and Polymarket adding trading safeguards. The items were presented as part of a weekday recap of forex and CFD brokers, payments, crypto, trading platforms and global markets, with no further figures or executive names disclosed in the source material.