Tag Archives: ibfx
The announcement of the Tradestation – IBFX acquisition deal obviously generated much interest and discussions in the industry. Main question was whether indeed the price was a mere $17 million. Several of my sources mentioned that Gain may have eventually withdrawn from the deal I announced 2 months ago because there is a pending NFA fine against Interbank FX. Apparently IBFX may be soon fined for some execution flaws – however this has not been announced by the NFA yet so we have no way of knowing whether this will eventually happen.
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Couple of months ago I published that Gain Capital is about to acquire Interbank FX after several rounds of discussions with potential investors. In that round Gain remained as the last bidder. This deal however failed at the last moment for reasons not known to me – but not hard to guess that it was a disagreement over final price.
IBFX didn’t give up on trying to be sold and today finally succeeded – TradeStation (which itself was acquired by Japense Monex Group few months back) just announced that it reached an acquisition agreement with IBFX.
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Interbank FX releases a Future of Algorithmic Trading infographic
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Forex Magnates sources reveal that Gain Capital is about to seal the deal with Interbank FX. No information is yet known and neither company confirmed the information – naturally because Gain is a public company.
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