Weekly Recap: Inside LCG’s Three-Year Buyout; CMC Markets Plans Prop Trading Launch
By Tareq Sikder
AI summary of the source article
London Capital Group completed a management buyout from the estate of FlowBank, while CMC Markets announced plans for a simulated prop trading programme. Additionally, BDSwiss was ordered by a Swiss court to remove Swiss references from its branding, and BlackBull Markets postponed its planned IPO to 2027. The UK FCA also shut down 21 CFD brokers linked to overseas operations, and iFOREX reported a first-half net loss of $2.5 million.