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TradeStation acquires IBFX - what multiples were paid??

|Includes: AMTD, ETFC, GCAP, GLBR, 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 (

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