Hi everyone
On March 18th, my friend and colleague at Forex Magnates Michael Greenberg echoed rumors that the US retail Forex broker CMSFX was being acquired.
CMS Forex is rumored to have been acquired
Specifically he was pointing to Forex.com and IG Markets as the possible buyers.
I found the news breaking enough to contact some important players of the industry and ask. I asked some competitors and they told me the interest of the big players for CMSFX and others but had not heard about CMSFX being already acquired.
So I thought that the best thing to do would be to contact directly to CMSFX. I contacted Vera Hawkin, CEO at Capital Market Services LLC and her response was loud and clear:
“I confirm, that the rumors about CMSFX being acquired are not true”
As I pointed out in a post from January 2010, the battle this year in the retail Forex industry should be in M&A.
FXCM Dramatically Cuts Ad Budget for 2010. The battle will be in M&A
But the batlle has not started…. yet
Francesc
Francesc Riverola,

FXCM has purchased ODL