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City Index acquires FX Solutions

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CIOL Bureau
New Update

LONDON, UK: City Index Group, a provider of retail derivative trading services, has announced the acquisition of FX Solutions LLC in an all equity transaction.

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The combined entity will employ over 400 staff across six offices in the UK, United States, China, Singapore and Australia and has partnership relationships throughout Europe, North America, Australia and the Middle East, transacting approximately 1.6 million trades per month.

The New Jersey-based FX Solutions provides a premier retail foreign exchange electronic trading platform for all major currency pairs.

"This transaction will enhance and strengthen our current product offerings to our retail clients and institutional business partners and accelerate our expansion into new geographical markets," said Clive Cooke, CEO City Index.

"City Index's diverse and worldwide operations will open new opportunities for our business and we know the merger with City Index is going to be a positive for all involved - especially our customers," said Thomas Plaut, co-founder and co-CEO, FX Solutions.

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