German stock exchange operator Deutsche Boerse AG is in advanced talks to buy FX...
NEW YORK/FRANKFURT - German stock exchange operator Deutsche Boerse AG is in advanced talks to buy FXall, a foreign exchange electronic trading platform owned by data provider Refinitiv, for about $3.5 billion, people familiar with the matter said on Wednesday.
If the negotiations conclude successfully, a deal could be announced as early as next week, the sources said, asking not to be identified because the matter is confidential. Deutsche Borse, operator of the Frankfurt Stock Exchange, has been seeking new avenues for growth, as the profitability of facilitating trades is eroded by new digital rivals and the rise of passive investment funds that track indices.
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