Playtech has agreed to acquire a majority stake in online CFDs and binary options broker and provider TradeFX Limited, operator of the Markets.com website, for a maximum purchase price of €458m.
TradeFX is currently owned 86.45 per cent by Telesphere, a subsidiary of a trust for the benefit of Playtech founder Teddy Sagi, with the remaining equity owned principally by the company’s management.
Established in Cyprus in 2009, TradeFX is a profitable and growing online CFDs and [...]
