Canada's Oanda enters race for Alpari UK: website
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] Toronto-based Oanda has made a bid for fellow online foreign exchange broker Alpari UK, industry website Forex Magnates reported on Friday, citing two sources close to the matter.
Alpari UK entered administration on Monday after being crippled by losses caused by last week's removal by Switzerland of the cap on the Swiss franc and the market turmoil that followed.
A spokesman for Oanda declined to comment on the report.
Another broker IronFX said on Thursday it had made a bid for Alpari and another source told Reuters administrators for Alpari are aiming to sell the broker by the end of next week and are in discussions with a handful of firms.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
