Euronext will take over FastMatch ECN

Euronext takes over FastMatch - this information appeared this morning. The transaction was priced at $ 153 million and will be closed in the next three months.

FXCM organizes the sale

FastMatch is a company launched in 2012 year by FXCM broker and Credit Suisse. She quickly joined the group of leaders in the industry of institutional Forex brokers in the ECN model. The transaction is dictated financial problems faced by FXCM after banning their activities on the American market by their financial supervision. This is a chance to save a company on which a multi-million loan is born. Euronext as an operator of the stock market, taking over 90% of shares, will automatically become a major player in the Forex market. The FastMatch sales transaction has already found the shareholders' approval.

The company itself has managed to increase its market share by 2015% since 100. In 2016, the average daily volume (ADV - Average Daily Volume) increased by 52%.

Business diversification

$ 5 trillion - that's what the daily Forex turnover is. Euronext in the press release informs that the purpose of the transaction is to diversify the product offer and strengthen its position on this market. It is also an opportunity to increase your income in the long term and expand your presence on the derivatives market. In the short term, however, Euronext counts on taking over the professional client base.

FastMatch financial results. 2013-2017.

Press release