Price Markets CEO Alex Iakobachvili departs to join B2B Prime

abdelaziz Fathi

Institutional FX veteran Alex Iakobachvili has parted ways with UK prime of prime provider Price Markets UK, ending a two-year tenure with the FCA-regulated firm.

Alex Iakobachvili

Mr Alex has joined B2B Prime Services UK Ltd, part of broker technology provider B2Broker, as executive director at the forex prime broker.

Iakobachvili had originally joined Price Markets as a chief operating officer (COO) back in 2019, barely two months after he left his position at CEO of Global Markets Group (GMG). He was then promoted to take on the role of its Chief Executive Officer. He took over from the company’s former CEO and founder, Alexander Talei, who sold his stake in the FCA-regulated PoP provider. The majority ownership is now being held by German angel investor Matthias Mokin.

Before GMI, Iakobachvili was Vice President of CFH Clearing Limited, where he worked for almost eight years. He also served in a variety of prime brokerage and sales roles, including a short stint at London Capital Group for just under a year. Other stops include senior positions at Thomson Reuters (FX ALL) as Director of Bank Sales, and at IDEAglobal, where he was Senior Account Manager. Earlier in his career, Iakobachvili joined Targetpoint Limited in 1995 as its director, a position he held for two years.

Iakobachvili attended the City University of London between 1994 and 1995 where he was studying under the Royal Society Kapitza Fellowship.

B2Broker broadens its P2P offering

B2Broker, a technology and liquidity provider in the Forex/CFDs and Cryptocurrency sectors, announced in November that it has broadened its worldwide reach through B2Prime, a Cyprus-based financial institution registered and supervised by the CySEC, to enter the heavily EU-regulated Forex/CFDs market.

Following the completion of the relevant legal processes for the change of ownership, B2Broker now has a stake in B2Prime. Artur Azizov, the Founder and CEO of B2Broker Group, and Evgenia Mikulyak, the co-founder of B2Broker Group, are the new proprietors of B2Prime. B2Prime’s new CEO is Nick Chrysochos.

B2Broker, based in Moscow, has ten offices in eight locations spanning Russia, Europe, Asia, the Middle East, and North Africa. B2Broker has a total of seven licenses, including the FCA, AEMI, and the Central Bank of Russia, allowing it to serve clients in more than 50 countries and provide Forex liquidity distribution as well as a variety of additional services to the Forex, Crypto, and Securities sectors. The group of companies has built a massive portfolio of well-known global financial services clients to expand corporate representation and exposure across the world.

Read this next

Inside View

Broadridge report finds 27% of firms’ overall IT budget goes to digital transformation

“A new chapter in digital transformation is emerging. In our work with clients across the financial services industry we see leading firms are already reaping the benefits from digitalization and the use of technologies such as AI and blockchain/DLT, as they adapt to economic headwinds and new competitive dynamics”

Executive Moves

Ripple announces Monica Long as President

“I’m incredibly honored to take on the role of President at Ripple as we expand deeper into crypto-enabled services like liquidity, settlement and custody.”

Executive Moves

Arabesque AI appoints Carolina Minio Paluello as CEO

“Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios.”

Industry News

SEC Commissioner Mark T. Uyeda says standardized ESG measures are doomed to fail

“Because ESG ratings may be divorced from matters of financial materiality, they can reflect a particular political or social agenda.”

Industry News

Worldline launches digital payments suite in India

“Our low-cost innovative offering SoftPOS will empower SMBs in a big way to accept digital payments affordably.”


cTrader Web 4.5 Presents Guest Mode, Multiple Charting and Copy Improvements

Spotware has announced the release of its cTrader Web version 4.5, which comes with a whole range of features and improvements for all cTrader users.


SteelEye suggests integrated surveillance as Morgan Stanley fines employees over WhatsApp

“The use of integrated surveillance means firms can avoid unwanted regulatory attention by enabling them to self-report and self-remedy more efficiently when malpractice is flagged.”

Industry News

ASIC bans Gregory William Finerty for unlicensed FX algo trading bot

Bradford AI leased an algorithmic trading program known as ‘Robot 1’ to trade on the FX market, using an Australia-based over the counter contracts for difference (CFD) broker.


With the recent changes to St Vincent licensing, what will the future trends be for licensing in 2023?

New St. Vincent and the Grenadines regulations came as somewhat of a shock for those brokerages that are only regulated in SVG