Although forex industry is highly profitable for some reason most of the profits aren’t invested back in innovation. We don’t see many investments and M&As (except broker mergers) as you’d expect from an industry with such high turnover. The only ‘portal’ deals we had lately were the acquisition of EuroInvestor portal by Saxo Bank and FXstreet partnering with websites like myfxbook and forexcrunch for ad-space inventory management.
It’s refreshing to see FXstreet making an investment in a start-up forex business leveraging its leading position in the market and vast experience and helping the new company not only with money but also with advice and marketing push (no plans were announced but I assume FXstreet would help push Kantox to its clients).
The FBS CopyTrade Team Presents a New 'FBS CopyStar' ContestGo to article >>
Kantox is the alternative to traditional FX hedging products offered by banks (forwards, options, etc.). Kantox created a netting marketplace where companies can look for and find others companies – their counterparties – with opposite currency flows to match and net their flows. Hence Kantox is able to offer a transparent and fairly-priced FX hedging solution without banking intermediation which does not require any kind of margin deposit nor margin call to close your hedge.