Announced
Financials
Tags
Pending
Payments / Commerce
trading platform
United Kingdom
Acquisition
Private
Friendly
Majority
Single Bidder
Synopsis
Singapore Exchange, an international multi-asset exchange and FX derivatives marketplace, agreed to acquire the remaining 80% stake in BidFX, a cloud-based FX trading platform for institutional investors, for $128m. "With BidFX as part of the SGX Group, we can now serve a wider FX community with more comprehensive solutions and enhanced distribution capabilities, while bringing together the two growing and mutually-reinforcing pools of liquidity," Loh Boon Chye, SGX CEO.
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