Forex ECN FastMatch has some good news for its soon-to-be-new owners, Euronext NV (EPA:ENX). Data from FastMatch indicate that volumes in its system increased by 18% MoM in May, to average $22.5 billion ADV for the month. That makes May 2017 FastMatch’s best ever month for trading volumes, well ahead of March’s $19.2 billion, and the first time…
Read more
Mergers and Acquisitions activity led Forex Industry News this past week, on both the retail and institutional sides of the sector. The key deals - Euronext NV (EPA:ENX) buying FastMatch and ThinkMarkets acquiring Trade Interceptor - highlighted two of the key FX industry trends we've reported a lot on of late: consolidation, and the growing importance…
Read more
Well, it looks like FXCM will have some more money to pay back its loan from Leucadia. Pan European exchange group Euronext NV (EPA:ENX) has announced that it has reached an agreement to acquire 90% of Forex ECN FastMatch for $153 million in cash, plus a $10 million contingent earn-out. The remaining 10% of FastMatch…
Read more