FXDD acquires Irish Forex Broker Frontier FX

This is one of the first acquisitions for FXDD who until now hasn't made many. Frontier FX's acquisition for FXDD

This is one of the first acquisitions for FXDD who until now hasn’t made many. Frontier FX’s acquisition for FXDD is probably a way to quickly access an advanced multi-bank electronic trading platform rather than gain a list of retail forex clients (as most of the deals in this space are structured). FXDD is already regulated in Malta so it operated under MiFiD and this won’t affect its licenses rather than just add another office to the list of its offices.

New York, NY – Sept. XX, 2011 – FXDD Europe, a leader in online Forex trading and education, announced today it has acquired the business of Dublin based Frontier FX, a leading international Forex broker. Frontier FX provides a multi-bank electronic trading platform for Spot and Forward foreign exchange services with a primary focus on professional traders. Terms of the deal have not been disclosed.

Through this addition, FXDD will be able to quickly integrate Frontier FX’s services and technology into its FXDD Europe operations. Following the acquisition, FXDD Europe expects to have branch offices in Dublin and London.

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“This strategic acquisition further establishes FXDD, through FXDD Europe, as a global partner in the institutional FX market where we can continue to provide real value to our global customers,” said Lubomir Kaneti, Chief Operating Officer at FXDD. “In addition to gaining market share, we are deepening our industry knowledge, expertise and relationships through the highly qualified team of FX personnel joining us from Frontier FX.”

“We’re excited to be joining a strong global organization such as FXDD,” said John Martin, Director of Institutional Services at Frontier. “We will continue to offer professional Forex traders best-in-class tools, strategies and platforms, order execution, preferred pricing and deep liquidity across Europe. We believe this combination will strengthen our overall FX market position across Europe.”

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About FXDD

FXDD (www.fxdd.com), a Foreign Exchange Dealer registered with the CFTC and a member of the National Futures Association, is headquartered in New York City’s 7 World Trade Center. FXDD is a leader in online Forex trading and education, dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. FXDD provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, PowerTrader, Mirror Trader, FXDDTrader and JForex. The Company’s services currently provide competitive interbank pricing, no-interest accounts, and fully-automated execution. FXDD also provides 50:1 leverage on major currencies in the US, as well as competitive bid-to-ask spreads.

Follow FXDD on Twitter at twitter.com/fxdd and on Facebook at facebook.fxdd.com

About Frontier FX

Frontier FX (www.frontierfx.com) provides a multi-bank electronic trading platform for Spot and Forward foreign exchange services with a primary focus on professional traders. The company offers such services to banks, fund managers, hedge funds and CTA’s enabling them to trade the global FX market. Frontier FX offers its clients the best available market rates with superior liquidity via its network of global inter-bank trading relationships.

Founded and directed by professional traders with a combined market experience of more than 50 years, Frontier FX offers high quality trading services with preferred pricing, deep liquidity and superior Client Support.

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