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TradeStation acquires IBFX - what multiples were paid??

|Includes:AMTD, ETFC, FXCM, GCAP, IBKR, MNXBF, OXPS, SCHW, SWQGF, TradeStation Group Inc (TRAD)

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.