More platform deals to come, says consultancy
FX specialist consultant Javier Paz says smaller venues may seek larger owners over the next two years
Declining brokerage margins and intense competition have led to a raft of acquisitions in the foreign exchange multi-dealer platform (MDP) space in the last two years, with further deals likely to be on the horizon over the next 24 months, according to a report from FX consultancy Forex Datasource.
“There are now few independent FX MDPs available for acquisition, but we anticipate at least two to three additional transactions will be announced in the next 18 to 24 months,” says Javier Paz
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