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Playtech enters forex trading market with TradeFX acquisition

2nd April 2015 7:58 am GMT

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 [...]

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