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Screenshot of a breaking news alert e-mail from Q2 2017
Australian electronic trading company AxiTrader has completed its strategic alliance with London-based institutional FX brokerage Fixi.
Today, AxiTrader CEO Goran Drapac detailed to LeapRate “I am very pleased to confirm that AxiCorp Financial Services has now formalism its strategic alliance with Fixi Plc in London.”
The company also confirmed that a newly constituted board and executive structure will be put in place at FIXI and both Goran Drapac and Alex MacKinnon will be looking to join the former, and AxiCorp will relocate to the Fixi offices, located in Cannon Street. The company considers this to be an important strategic alliance between the two Companies continues our growth in London, particularly in the Institutional space.
In March this year, LeapRate reported that negotiations by AxiCorp to align with Fixi were in the advanced stages, and that the transaction would bolster AxiTrader’s growing institutional business, as well as provide it with a strong base in the UK for expansion of its services in Europe. As was exclusively reported on LeapRate back in June, AxiTrader recently launched AxiPrime liquidity services for the institutional sector.
Run by CEO Shoaib Lakhany, Fixi is based in London and is an FCA-regulated firm serving institutional customers mainly in Europe and the Middle East, and post-merger, both companies will retain their separate regulatory status with the FCA.
AxiCorp’s commercial perspective is that Fixi as well as Axi are confident that the synergies and operating efficiencies that will be gained from the alliance will give the firm’s clients a fantastic scope of enhanced services.