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Swissquote Buys MIG Bank To Create The Dominant Swiss Forex Broker

|Includes:Ameriprise Financial, Inc. (AMP), AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, JPM, LUK
MIG Bank monthly forex volumes averaged $60 billion in the first half of 2013.

Swissquote acquires MIG Bank, compare Swissquote and MIG Bank, Swiss forex broker, trade forex in SwitzerlandThis will once be known as the week of retail forex acquisitions. After seeing Gain Capital close on its purchase of GFT, Oanda acquire social and copy trading service Currensee, and FXCM buy FX research shop Faros Trading, comes potentially the most important deal of the bunch -- Swissquote buying MIG Bank, essentially merging the two dominant Swiss forex brokers into a major global player in retail forex brokerage.

For more details see our original article on the Swissquote-MIG acquisition, or our follow-up article detailing more of the consideration paid by Swissquote.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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Stocks: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, LUK, JPM