Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
LMAX lost another £4.5 million in the first six months of fiscal '13.
After pouring several tens of millions of pounds into its online FX subsidiary LMAX over the past few years, Betfair has decided to sell a 67% stake in LMAX to management, in an MBO which values LMAX at just £3.6 million.
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Why Is LMAX Only Worth £3.6 Million? 0 comments
LMAX lost another £4.5 million in the first six months of fiscal '13.
For more details see LeapRate's Forex Industry News at leaprate.com.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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