Goldman Neutral on FXall share price
FXall a leading ECN has been given neutral status by Goldman Sachs analyst ratings. FXall filed an IPO and was welcomed
Adil Siddiqui
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Technology
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Institutional FX )
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2012-03-21T11:16:38+00:00
2012-03-21T11:16:38+00:00
FXall a leading ECN has been given neutral status by Goldman Sachs analyst ratings. FXall filed an IPO and was welcomed by the market, the stock was trading at $12 and there were 5.2 million shares offered.
FXall is growing at 19% CAGR and is the first independent institutional broker to get listed.
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The stock is currently trading at $15.19.
FXall offers buy and sell side institutions access to a wide range of FX instruments including spot, swaps, options and forwards. It is connected to leading tier 1 and 2 banks as well as investment managers.
Forexmagnates team have written a detailed report on institutional trade volumes.
seeing that GS wrote off its investment in CMC and sold back its investment in LMAX i’m not sure they are the best critics of investing in forex companies 🙂