Bank of England hikes to 4%, sterling unable to sustain rise
The Bank of England raised its key rate to 4%, with sterling nearly unchanged on the day. The dollar was mixed, and U.S. futures were mixed as chip stocks…
1 h ago22 min read
AvaTrade to Buy FXCM Business from Jefferies' Stratos Group
AvaTrade has agreed to buy FXCM from Jefferies' Stratos Group, with the transfer expected to take about 120 days.
16/10/2026 07:138 min read
Under an agreement with Jefferies’ Stratos Group, a 25-year veteran of the Forex industry is joining AvaTrade’s multi-asset ecosystem. FXCM clients around the world will get access to AvaTrade’s AI-powered platforms.
The FXCM business is being acquired by AvaTrade under a definitive agreement with Stratos Group International, LLC, a company owned by Jefferies Financial Group Inc. (NYSE: JEF). AvaTrade, a leading global online trading broker, said today that AvaTrade Markets Ltd. will take over substantially all of Stratos’ assets and business operations, with the move to AvaTrade expected to take about 120 days.
FXCM, which was founded in 1999, was a pioneer in retail Forex trading and has amassed a loyal client base worldwide over more than two decades.
“Our ambition is to help shape the next phase of global online trading,” Daire Ferguson, CEO of AvaTrade, said. “Combining FXCM’s established market presence with AvaTrade’s technology and product innovation lets us expand our global reach and build a stronger, more diversified trading group.”
The deal comes after AvaTrade introduced its AI-powered trading platform and several technology initiatives, signalling continued investment in technology, infrastructure and talent as the company expands internationally.
“Leading trading companies now have to combine trust, innovation and global access,” Ferguson continued. “This deal advances our strategy to expand internationally, broaden our multi-asset offering and keep investing in AI to support traders at every level. We look forward to welcoming FXCM clients to AvaTrade.”
About AvaTrade
AvaTrade, which was set up in 2006, is a leading global online trading broker with a product line covering Futures, Options and CFDs on Forex, Commodities, Indices, Stocks and Crypto-related products, as well as Copy Trading solutions. The broker is subject to regulation in multiple international jurisdictions, has collected more than 100 industry awards and is an official partner of the Oracle Red Bull Racing team.
About FXCM
FXCM, also dating to 1999, is a leading provider of online FX trading, CFD trading and related services. Traders around the world gain access to the largest and most liquid market anywhere through innovative tools, expert education and strict financial standards.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Related articles
Key FX option expiries to watch on 5 November
EUR/USD option expiries at 1.1250 and 1.1275 could cap price action on Tuesday.
8 h ago4 min read
PBOC's daily yuan fix: 6.7156 per dollar, topping the 6.6783 prediction
PBOC set USD/CNY reference rate at 6.7156 vs 6.6783 estimate, and repo operations resulted in net 609.5 billion yuan withdrawal.
13 h ago2 min read
NZDUSD buyers defend 0.5579 support, stall at 200-HMA
NZDUSD held above 0.5579 support after weak NZ jobs data, but the rebound stalled at the 200-hour moving average, leaving the pair in a technical standoff.
18 h ago9 min read