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.