The Xenfin Group confirmed today that it has acquired Mako FX Partnership LLP. While the company will remain operationally and legally separate, Adrian Patten and Simon Jones will no longer be a part of the company’s management, which will be headed by Xenfin’s CEO Duncan MacInnes, CEO of the Xenfin Group.
The company will retain its sales team, led by Kevin Eldridge and assisted by Paula Fry, while the support team will continue operations headed by Kevin Taylor and Sophie Verdellet.
Xenfin hence acquires Liquidity Pool, which is a multi-bank platform connecting users to various pricing streams and provides them with a disclosed model, allowing clients to take advantage of targeted pricing and other customizable solutions.
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Xenfin explains in its announcement that Liquidity Pool aims to remain a leading institutional platform and the firm’s strategic and operational independence will remain intact.
According to a company announcement obtained exclusively by Forex Magnates, “Since the inception of the platform, Xenfin has been a key delivery partner, responsible for the design, build and deployment of the liquidity management system and have a thorough understanding of all aspects of the Liquidity Pool business, as a result.”
“Xenfin will continue to apply their extensive expertise in software development and infrastructure to further enhance the Liquidity Pool Platform and its related offerings,” the statement concludes.
Earlier this week, Forex Magnates reported that Adrian Patten, Founding Partner at MakoFX, and Simon Jones, the firm’s Managing Partner, have both left the company.