Exclusive: FXDD Closing in on a Possible Sale to a Major US Broker
- Forex Magnates has learned from multiple independent industry sources familiar with the development, that FXDirectDealer may be "very close" to striking a deal with a large US retail broker, soon to be revealed.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has today learned from multiple independent industry sources that FXDirectDealer (FXDD) is moments away from striking a deal with one of two major U.S. online FX brokers.
Over recent months - and even years - there has been constant speculation about FXDD's ability to make deals with names such as OANDA and FXCM, which were repeatedly mentioned as the possible acquirers, as per feedback compiled by our research.
Forex Magnates was unable to provide further details around the time of initial publication as the above mentioned parties were either unreachable or unavailable for comment, ahead of any official announcement, but believes such a deal could be good for clients as it could provide a larger financially backed organization behind an already successful brand if such a deal goes through.
Recent major deals by large US brokers in the last few quarters included the acquisition of Currensee by OANDA Corporation, FXCM acquiring Faros Trading, and Gain Capital's recent acquisition of Galvan research announced earlier this month.
FXDD had a few hurdles with the National Futures Association (NFA) recently, some of which were costly, as the regulatory landscape in the U.S. has nearly squeezed out the once plethora of FX brokers that flourished-with the latest exit seen from Institutional Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term LLC (ILQ) - announced just weeks ago.
Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has today learned from multiple independent industry sources that FXDirectDealer (FXDD) is moments away from striking a deal with one of two major U.S. online FX brokers.
Over recent months - and even years - there has been constant speculation about FXDD's ability to make deals with names such as OANDA and FXCM, which were repeatedly mentioned as the possible acquirers, as per feedback compiled by our research.
Forex Magnates was unable to provide further details around the time of initial publication as the above mentioned parties were either unreachable or unavailable for comment, ahead of any official announcement, but believes such a deal could be good for clients as it could provide a larger financially backed organization behind an already successful brand if such a deal goes through.
Recent major deals by large US brokers in the last few quarters included the acquisition of Currensee by OANDA Corporation, FXCM acquiring Faros Trading, and Gain Capital's recent acquisition of Galvan research announced earlier this month.
FXDD had a few hurdles with the National Futures Association (NFA) recently, some of which were costly, as the regulatory landscape in the U.S. has nearly squeezed out the once plethora of FX brokers that flourished-with the latest exit seen from Institutional Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term LLC (ILQ) - announced just weeks ago.