Gain Capital to acquire Interbank FX

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 sources reveal that Gain Capital is about to seal the deal with Interbank FX. No information is yet known and neither company confirmed the information - naturally because Gain is a public company. IBFX has been shopping around to be bought for quite a while now as rumor has it that its financial performance is not satisfactory and it faces increasing pressure from its equity investor Spectrum who would like to exit the investment.

More details are expected soon.

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