Playtech PLC (LON:PTEC) issued a brief note stating that it has now completed the acquisition of 70% of institutional FX firm CFH Group. The planned acquisition was initially disclosed on November 14. In a deal in which Playtech will eventually pay up to $120 million for all of CFH Group, Playtech paid an initial consideration of…
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If you can’t join ‘em, serve ‘em. Online gaming technology company Playtech PLC (LON:PTEC), which was unsuccessful last year in its attempts to buy Retail Forex brokers AvaTrade and Plus500 Ltd (LON:PLUS), is once again attempting to increase its footprint in the FX world by agreeing to acquire institutional Forex player CFH Group for $120…
Read more"As larger banks are pulling out of the prime brokerage space because of increasing margins and balance sheet requirements we view it as a great opportunity for smaller players to join us in a bigger effort to fill the gap left by the banks" - Christian Frahm, CEO, CFH Group
Read moreThe acquisition of retail clients is a matter of paramount importance to all FX companies worldwide. CFH Group has acquired FX trading school Tradimo and its educational gaming company Tradimo Play
Read moreCFH Clearing has responded to growing demand for electronic trading which is originating from clients at the higher levels of the market.
Read moreWell this is interesting. As reported on LeapRate, Friday saw the issue of a press release by Copenhagen-based CFH Group - owner of the CFH Clearing, CFH Systems, and Tradable brands - that CFH had reached an agreement to acquire a 50% stake in Boston Technologies as well as its prime brokerage operation Boston Prime.…
Read morePress release attached, more details to follow... 16 May 2014 - Copenhagen, Denmark: CFH Group has entered into an agreement to purchase 50% of voting stock of Boston Technologies Inc. and Boston Prime Ltd in an all-cash transaction from Boston Technologies’ co-founder and partner, Kevin Millien. The deal is expected to close within days, pending final due…
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