Seeking Alpha

gersegal's  Instablog

gersegal
Send Message
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
My company:
LeapRate
My blog:
LeapRate's Forex Industry News
  • TradeStation acquires IBFX - what multiples were paid?? 0 comments
    Nov 16, 2011 11:10 AM | about stocks: TRAD, FXCM, GCAP, SWQGF, OXPS, ETFC, MNXBF, AMTD, SCHW, IBKR

    Price tag of $17 million means a large loss for investor Spectrum Equity.

    Multi-asset online trading platform company TradeStation - which itself was just recently acquired for $411 million by Japan's Monex Group - has expanded its FX presence in the US with the acquisition of IBFX for $17 million. IBFX is the fourth-largest US-based retail Forex firm, following FXCM, Oanda and Gain Capital (Forex.com).

    For more details on the transaction, including analysis of multiples paid vs. recent industry comps, see LeapRate's Forex Industry News at http://leaprate.com.




     

Back To gersegal's Instablog HomePage »

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.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.