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SurfacExchange Kills Sale Rumours

Options trading platform provider SurfacExchange has moved to kill rumours of an impending sale to BGC brokers.

Profit & Loss understands that tentative enquiries were made by BGC Partners to buy the firm, which has also grabbed the attention of third party investors, but that a deal has advanced no further.

According to a message from SurfacExchange CEO Evgeni Mitkov to clients, seen by Profit & Loss, “The reality is SURFACExchange is here to stay, has the capital to support itself and continues working on electronifying the FX option and NDF market.”

According to the communication, SurfacExchange had record volumes in both January and February 2013, “albeit from a low base” and the platform now boasts over 40 trading firms actively using its technology.

Profit & Loss

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