Australia Forex interest continues – AIP acquires GO Markets


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.

Related News

arrow

Australia Forex interest continues – AIP acquires GO Markets

0

Send this to a friend