Exclusive: Colmex Buys Out Smart Capital as Israeli Market Consolidates
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Exclusive: Colmex Buys Out Smart Capital as Israeli Market Consolidates
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)
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