Guru Capital Successfully Takes Ownership of ETX Cyprus

FinanceFeeds Editorial Team

After successfully acquiring UK based ETX Capital in October 2020, Swiss private equity firm Guru Capital has now completed the acquisition of its sister company, Cyprus based Monecor (Europe) Ltd after receiving approval from CySEC

ETX Capital is one of the UK’s leading online CFD and spread betting companies, and as such, their target market has predominantly been the UK until now. With the change in ownership, the group’s vision for ETX Capital is expansion, growth, and new markets. Their sights are set on Europe and cementing the ETX brand throughout the region. It’s an exciting time for the firm, with hiring ramped up, and big plans on the horizon across the entire business.

ETX Capital CEO Philip Adler had this to say on the company’s plans for Europe, “I am delighted that Guru Capital is now the owner of our Cypriot sister company. ETX has a long tradition of offering best in class service to our UK clients and we are looking forward to ETX Cyprus picking up that baton and being at the heart of ETX’s European expansion.”

Ryan Nettles, a Managing Partner at Guru Capital, commented, “The ETX platform offers a very compelling opportunity for European traders due to its user-friendly functionality and multi-asset offering with over 5,000 tradeable instruments.”

ETX Cyprus will be the European HQ, with the company only weeks away from onboarding European clients through the new entity.

Read this next

Digital Assets

DeFiChain tokenizes Walmart, Unilever, US Oil and Gas Funds

Bitcoin-based DeFi platform DeFiChain is opening up the opportunity for its users to trade crypto versions of Walmart, Unilever, US Oil Fund, and US Gas Fund.

Industry News

The B2Broker B2Core REST API Is Now Live

B2Broker has announced the release of its new REST API, which lets customers use B2Broker’s solutions and services for business purposes.

Executive Moves

CME Group taps Paul Woolman to lead Equity Index, Giovanni Vicioso to lead Crypto

“Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”


Sumsub launches document-free KYC for users in India, Brazil, Nigeria and Indonesia

Sumsub has launched one click-KYC for users in India, Brazil, Nigeria and Indonesia in a move that allows businesses to instantly onboard over 2 billion users without requesting their ID documents.

Digital Assets

Cboe becomes first major global exchange operator on DeFi data platform, Pyth Network

“Our participation in the Pyth network will provide another avenue to broaden customer access to our data, and aligns with our strategy to deliver market data to investors around the globe based on how they want to consume their data, whether through direct connectivity methods, the cloud or the blockchain.”

Industry News

FINRA fines Barclays Capital $2 million for best execution failures for 5 years

FINRA has fined Barclays Capital $2 million for failing to comply with its best execution obligations in connection with its customers’ electronic equity orders between January 2014 and February 2019. 

Digital Assets

SETL helps SWIFT, CSDs and custodians develop common framework for tokenisation systems

London-based enterprise DLT and blockchain company SETL has delivered a pilot project for SWIFT which implemented a common framework linking tokenisation systems between central security depositories (CSDs) and global custodians.

Digital Assets

Crypto volumes hit CHF 87.1 million at Switzerland exchange

Switzerland’s principal exchange has experienced a rebound in trading activities for September 2022, with monthly volumes increasing by more than 20 percent MoM.

Digital Assets

Bitcoin Suisse Vault taps Polkadot governance features

Bitcoin Suisse has added support for Polkadot protocol governance on its proprietary, hyper-secure cold storage solution, the Bitcoin Suisse Vault.