Tag: One Financial Markets

One Financial Markets

AxiCorp Buys One Financial

FX and Contracts For Difference (CFD) trading provider AxiCorp has announced that it will acquire UK-headquartered One Financial Markets (OFM). The deal is predominantly cash-based, the amount is not disclosed, and will be subject to regulatory approvals, the firms say, adding that the deal is a result of more than 12 months of talks between the two companies. The move also comes amid broader anticipation of further consolidation in the global CFD and FX industry due to upcoming regulatory changes.