Finance Magnates gets into the B2C retail trader info business by acquiring ForexLive

Live Analytics Inc, a provider of currency trading insights and analysis, has signed a definitive agreement under which Finance Magnates will acquire

Michael Greenberg, Finance Magnates CEO, commented:

Earning the trust of millions of traders makes ForexLive a perfect fit for us. ForexLive has proved to share our commitment to fast rate news, editorial independence and unique educational value. The acquisition will allow us to implement our industry expertise as a credible source of data on a new scale, and to roll out ambitious plans in 2017 technologically, editorially and commercially.

ForexLive was originally the property of Currency Mountain Holdings, which also owns retail forex broker FXDD and platform provider ForexWare. ForexLive was spun out of FXDD in 2014, effectively sold to the group of research analysts working at the company for zero cost.

No transaction cost or other details were released.

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