Weekly Review: AvaTrade and Trade Nation Acquire FXCM; Nasdaq Backs 24/7 Trading
By Tareq Sikder
AI summary of the source article
Retail brokerage FXCM underwent significant restructuring as AvaTrade agreed to acquire the majority of FXCM Group's business and brand rights from Jefferies-controlled Stratos, days after Trade Nation bought FXCM's UK client book. Financial terms were undisclosed for both deals. In trading infrastructure, Nasdaq Ventures strategically invested in One Trading to support 24/7 trading capabilities. Concurrently, IG Group's reduced revenue outlook caused sharp share drops across retail brokers, including CMC Markets and Plus500. Additionally, Axi migrated over 60% of clients to MetaTrader 5 while deploying the Ultency matching engine, and Trading 212 invested £44 million in international subsidiaries.
Why it matters
The transactions mark a major ownership restructuring of established retail broker FXCM while highlighting broader industry shifts toward 24/7 trading infrastructure and platform modernization.
Key facts
- AvaTrade agreed to acquire the majority of FXCM Group's business and brand rights from Jefferies-owned Stratos.
- Trade Nation separately acquired FXCM's UK client book for an undisclosed sum.
- Nasdaq Ventures made an undisclosed strategic investment in One Trading to support 24/7 European market infrastructure.