✉news BusinessRetail first seen 4 d ago, last 4 d ago, peak #35
AvaTrade to Acquire Most of Veteran FX Broker FXCM
Original: AvaTrade to buy most of pioneer broker FXCM in retail FX shake-up
Online trading group AvaTrade has agreed to buy most of FXCM, the pioneering retail foreign exchange broker that was once among the biggest names in the industry. The acquisition marks another consolidation step in the crowded retail FX sector, where brokers face tighter regulation and rising competition, and hands AvaTrade a well-known legacy brand.
Why now: News of a major acquisition reshaping the retail forex brokerage industry is drawing attention from traders and market watchers.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1606043