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FX FX Alliance Com USD0.0001

22.01
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
FX Alliance Com USD0.0001 NYSE:FX NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 22.01 0.00 01:00:00

Thomson Reuters To Buy FX Alliance

09/07/2012 11:09am

Dow Jones News


FX Alliance Com USD0.0001 (NYSE:FX)
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From Jul 2019 to Jul 2024

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   By Eva Szalay 
 

Thomson Reuters Corp. (TRI) has agreed to buy electronic currencies trading platform FX Alliance Inc. (FX) in a move that will see the two trading platforms merge to create a trading venue where the largest banks in the space will interact with corporate clients and high-frequency traders.

Thomson Reuters will acquire all of FX Alliance for $22 a share in cash and the deal is expected to close in the third quarter of this year.

Thomson Reuters, which also produces news that competes with News Corp.'s Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires, traditionally caters for the interbank currencies market, while FX Alliance provides trading for corporate and other institutional clients. The merging of the two platforms will likely crank up the pressure on competing systems.

Write to Eva Szalay at eva.szalay@dowjones.com

1 Year FX Alliance Com USD0.0001 Chart

1 Year FX Alliance Com USD0.0001 Chart

1 Month FX Alliance Com USD0.0001 Chart

1 Month FX Alliance Com USD0.0001 Chart

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