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Screenshot of a breaking news alert e-mail from Q2 2017
Japan-based investment bank AIP Global has acquired GO Markets, one of the leading Australia-based Forex brokerage firms. No financial terms were released. For the original press release click here.
The acquisition continues a slew of news showing increasing interest in the Australia market, and in establishing Australia-based operations, by some of the world’s leading Forex companies. We would expect further consolidation, i.e. leading foreign-based firms looking to acquire established and regulated Australian firms.
Why more acquisitions?
- None of the established Australia-based firms are yet all that large (based on our research they each have less than $50 billion of monthly volume) and as such they are not too expensive to acquire.
- Australia itself is a nice growing market, and can serve as a nice, established base for further expansion in Asia.