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SGX is buying sell side FX company MaxxTrader for US$125 mil

Jeffrey Tan
Jeffrey Tan • 2 min read
SGX is buying sell side FX company MaxxTrader for US$125 mil
MaxxTrader’s strong sell-side client base will complement the buy-side clientele of BidFX, says SGX.
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The Singapore Exchange (SGX) has announced that it will acquire MaxxTrader for US$125 million in cash ($169.9 million).

MaxxTrader, which is headquartered in Singapore, is part of FlexTrade Systems, a global leader in multi-asset execution and order management systems.

MaxxTrader is a leading provider of foreign exchange (FX) pricing and risk solutions for sell side institutions such as banks and broker-dealers, as well as a multi-dealer platform for hedge funds.

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