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Microsoft exits the Forex business

|Includes:Microsoft Corporation (MSFT)

Microsoft - Saxo Bank MSN Trader joint venture disbanded after just one year.

Saxo Bank, one of the largest Forex firms in the world and industry leader in providing White Labels, announced that it is disbanding one of its highest profile White Label client relationships, with Microsoft - almost exactly one year to the day that the relationship was first announced in November 2010. The "MSN Trader - Powered by Saxo Bank" platform was meant to turn Microsoft into a White Label of Saxo Bank, via the more than one million monthly visitors to Microsoft's MSN financial portal website.

Why did Microsoft exit the Forex business?
Will this impact either company?
For more details see Leaprate's Forex Industry News at www.leaprate.com.


 

Stocks: MSFT