AxiCorp to Acquire One Financial Markets in Wake of ESMA Regulations

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AxiCorp to Acquire One Financial Markets in Wake of ESMA Regulations

Postby kreslik.news » Sun Aug 05, 2018 8:35 am


AxiCorp, an Australian broker of forex (FX) and contracts for difference (CFDs), announced this Monday that it will be acquiring One Financial Markets (OFM). The deal is still subject to regulatory approval but will see AxiCorp acquiring OFM, which is also a broker of FX and CFDs, through a predominantly cash-based acquisition.

According to AxiCorp’s statement, the deal was to some degree connected tothe recent regulatory changes implemented by the European Securities and Markets Authority. These went live at the start of this month and, amongst other things, saw a clampdown on leveraged trading.

AxiCorp ... (read more)

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