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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate has learned that the rumors being circulated about serious M&A discussions between IronFX and Teddy Sagi’s Playtech PLC (LON:PTEC) are just that – rumors.
This is in fact the second ‘rumor denial’ article we’ve posted today, with the first one involving similar rumors that Playtech was taking a run to buy AvaTrade.
Senior sources close to the company indicated to LeapRate that no serious discussions had taken place any time recently. Reuters, in its article on the Playtech-AvaTrade rumor (in which Reuters actually went as far as saying that Playtech ‘has bought currency trading platform AvaTrade‘), also decided to mention the IronFX rumor. Although apparently no-one at Reuters contacted IronFX before posting that.
These sources have also indicated to us that the company is in a very strong financial position with Q1 profits coming in at record levels, with IronFX having deftly managed through the mid-January Swiss Franc spike.