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Announced

Singapore Exchange to acquire MaxxTrader for $125m.

Financials

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Transaction Value£92m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Single Bidder

Singapore

Pending

exchange trading

Domestic

Majority

FinTech

Friendly

Private

Synopsis

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Singapore Exchange, an investment holding company, agreed to acquire MaxxTrader, a foreign exchange trading platform, from FlexTrade Systems, a financial technology firm, for $125m. "Our next step is to offer clients a full suite of FX futures and OTC solutions, by building a primary FX OTC marketplace anchored in Singapore," Loh Boon Chye, SGX Chief Executive.

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