After focusing on bringing you the highest quality financial industry coverage for years, Finance Magnates is now officially entering the retail news space. We are proud to announce that Live Analytics Inc, a premier provider of currency trading insights and analysis, has signed a definitive agreement under which Finance Magnates will acquire ForexLive.com.
The combined media group is now one of the largest online financial trading content publishers, with over 1.2 million monthly sessions and 2.7 million monthly page views. With multiple offices and over fifty employees all around the world, we will offer global news coverage of all trading sessions.
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“Earning the trust of millions of traders makes ForexLive a perfect fit for us. ForexLive has proved to share our commitment to fast rate news, editorial independence and unique educational value,” said Michael Greenberg, Finance Magnates CEO. “The acquisition will allow us to implement our industry expertise as a credible source of data on a new scale, and to roll out ambitious plans in 2017 technologically, editorially and commercially.”
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Adam Button, CEO of Live Analytics Inc., said: “ForexLive and Finance Magnates together is a perfect marriage: ForexLive is the leading independent source of foreign exchange market news and analysis; Finance Magnates is the leading independent source of broker and business news and analysis. The synergies in terms of technology and business development are tremendous.”
“When we thought about partnering up with someone who could take ForexLive to the next level, no one else had the same proven track record of business savvy and complete editorial freedom. The acquisition will bring our skills and passion to fruition, and will enable us to dedicate 100% of our focus to what we do best: covering and analyzing what is happening in the market and why.”
The company has an ambitious technological roadmap of further content optimization, with a special focus on industry education, serving as a one stop shop for traders, industry executives and advertisers. Stay tuned for further announcements in the coming months.