Last Week Recap: Updates on XTB, CySEC, FCA, LSEG, Capital.com, and Saxo Bank

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. The below is the selected highlights of last week.

XTB Introduces American-Style Stock Options Under CySEC Oversight

Multi-asset broker XTB has expanded its product lineup by introducing stock options on leading global companies, marking a strategic move beyond its traditional focus on CFDs and FX trading. The new offering has debuted in the Cypriot market and operates under the supervision of the Cyprus Securities and Exchange Commission (CySEC).

Cyprus Regulator Proposes Higher Licensing and Annual Fees for Investment Firms

Cyprus’ Securities and Exchange Commission (CySEC) has launched a public consultation on proposed changes to its fee structure that would raise the cost of operating regulated investment businesses on the island, while removing a standalone fee for crypto-related activities under the EU’s Markets in Crypto-Assets (MiCA) framework.

FCA Widens Consumer Duty Focus to Complex Exchange-Traded Products

The UK's Financial Conduct Authority (FCA) has warned financial firms to strengthen how they offer complex exchange-traded products (ETPs) to retail investors, citing concerns over weak risk assessments and unclear communication that could breach Consumer Duty requirements.

LSEG Launches Trade Surveillance Tools for MiFID and FX Markets

London Stock Exchange Group (LSEG) has introduced a new Trade Surveillance service aimed at helping financial institutions enhance the detection of market abuse and financial crime as regulatory scrutiny intensifies.

Silver Climbs to Record Near $92 as Fed Scrutiny, China Curbs and Industrial Demand Tighten Market

Silver prices surged to a new all-time high this week, briefly touching around $92 an ounce, as a mix of political uncertainty in the United States, tighter exchange risk controls and growing supply constraints reshaped sentiment around the metal.

Capital.com Secures Kenyan Licence, Launches Local Operations

Capital.com has entered the African market after receiving regulatory approval in Kenya. The broker obtained a licence from the Capital Markets Authority (CMA) to operate as a Dealing Online Foreign Exchange Broker, allowing it to offer online forex and trading services to local clients.

Saxo Bank's CCO, Stig Christensen, Announces Departure​

Stig Christensen, Chief Commercial Officer (CCO) at Saxo Bank, has left the company after a decade-long tenure at the Copenhagen-based online broker. Christensen joined Saxo Bank in 2016 as Chief Human Resources Officer, transitioned to Chief Sales Officer in 2020, and became CCO in 2024.