Weekly Review: eToro Crypto Trades Fall 62%; IG Group Secures Court Approval for Jersey Move
By Tareq Sikder
AI summary of the source article
IG Group secured court approval to redomicile to Jersey, while former iS Prime executives launched liquidity provider JT Prime. Meanwhile, CFI received in-principle approval from Dubai's VARA for its crypto brokerage subsidiary, CFIX.
Why it matters
For CFI, "The development adds another regulatory step to the group’s international expansion."
Key facts
- IG Group secured court approval to redomicile to Jersey under new holding company Jenkins Topco, anticipating £30 million in restructuring costs in 2026.
- Three former iS Prime executives launched JT Prime, a prime-of-prime liquidity provider offering aggregated Tier 1 bank and non-bank liquidity.
- CFI Financial Group received in-principle approval from Dubai's VARA for broker-dealer services through its subsidiary, CFIX.
Source excerpt · Finance Magnates
The futures prop trading sector faced renewed questions over its business model, with exchange data costs and low-priced challenges putting pressure on firms operating without recurring subscriptions. Meanwhile, established industry figures returned with new businesses, while brokers continued to expand their regulatory and corporate structures. London's trading industry is coming home! The week a…