Exclusive: Colmex Buys Out Smart Capital as Israeli Market Consolidates

[kreslik.news]

As Finance Magnates continues to report recently, the Israeli retail online trading market is undergoing considerable change with many firms looking for a way out due to the new harsh regulations in the country. Today we can reveal that Smart Capital is also about to cease operations as an independent entity thanks to a takeover by Colmex. Both sides have confirmed the news to Finance Magnates but the financial details have not yet been disclosed.

Smart Capital CEO Itzik Noy commented: “A deal to merge Smart Capital and Colmex has been signed today. As part of the merger, the clients’ activity and some of ... (read more)