Agreement with
Jefferies’ Stratos Group brings a 25-year Forex pioneer into AvaTrade’s
multi-asset ecosystem and opens AvaTrade’s AI-powered platforms to FXCM clients
worldwide.
AvaTrade, a leading global online
trading broker, today announced a definitive agreement to acquire the FXCM
business from Stratos Group International, LLC, a subsidiary of Jefferies
Financial Group Inc. (NYSE: JEF). Under the agreement, AvaTrade Markets Ltd. will
acquire substantially all of Stratos’ assets and business operations, which are
expected to move to AvaTrade over approximately 120 days.
Founded in 1999, FXCM
pioneered retail Forex trading and has built a loyal global client base over
more than two decades.
“Our ambition is to
help shape the next phase of global online trading,” said Daire Ferguson, CEO
of AvaTrade. “Combining FXCM’s established market presence with AvaTrade’s
technology and product innovation lets us expand our global reach and build a
stronger, more diversified trading group.”
The acquisition
follows the launch of AvaTrade’s AI-powered trading platform and a series of
technology initiatives. It reflects AvaTrade’s continued investment in
technology, infrastructure and talent as it scales internationally.
“Leading trading
companies now have to combine trust, innovation and global access,” Ferguson
added. “This deal advances our strategy to expand internationally, broaden our
multi-asset offering and keep investing in AI to support traders at every
level. We look forward to welcoming FXCM clients to AvaTrade.”
About AvaTrade
Founded in 2006,
AvaTrade is a leading global online trading broker offering Futures, Options
and CFDs on Forex, Commodities, Indices, Stocks and Crypto-related products,
plus Copy Trading solutions. AvaTrade is regulated in multiple international
jurisdictions, has won more than 100 industry awards and is an official partner
of the Oracle Red Bull Racing team.
About FXCM
Founded in 1999, FXCM
is a leading provider of online FX trading, CFD trading and related services,
giving traders worldwide access to the world’s largest and most liquid market
through innovative tools, expert education and strict financial standards.
This article was written by IL Contributors at investinglive.com.