By Andrei Skvarsky.
FxPro, a London-headquartered online retail foreign exchange broker, has bought out spot forex aggregator Quotix, which is based in Cyprus.
The acquisition is expected to enable FxPro, which operates in more than 150 countries and mainly has retail clients, to provide more institutional-focused services, the broker said in a statement.
“This new venture combines FxPro’s comprehensive knowledge of the retail FX market and Quotix’s technology, meaning improved trade execution and speed, as well as overall liquidity and pricing for its clients trading on either the MT4 or cTrader platforms,” the statement said.
Quotix, which is a forex e-technology provider in addition to being an aggregator, has offices in London, Tokyo and Copenhagen besides its headquarters in Limassol, Cyprus.
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