LeapRate Exclusive… LeapRate has learned that leading Australian retail forex broker AxiTrader is in advanced negotiations to acquire institutional FX broker FIXI.
Run by CEO Shoaib Lakhany, FIXI is based in London and is an FCA-regulated firm serving institutional customers mainly in Europe and the Middle East.
The acquisition would bolster AxiTrader’s growing institutional business, as well as provide it with a strong base in the UK for expansion of its services in Europe. As was exclusively reported on LeapRate back in June, AxiTrader recently launched AxiPrime liquidity services for the institutional sector.
More on AxiTrader can be seen in our recent interview with AxiTrader CEO Goran Drapac.
We will bring our readers more details as the negotiations unfold.