AvaTrade to Acquire FXCM Business from Jefferies’ Subsidiary Stratos Group

Key Facts

1AvaTrade announced a definitive agreement to acquire the FXCM business from Jefferies’ subsidiary Stratos Group.

2FXCM’s assets and business operations are expected to migrate to AvaTrade over approximately 120 days.

AvaTrade announced a definitive agreement to acquire the FXCM business from Stratos Group International, a subsidiary of Jefferies Financial Group. According to investinglive.com, the move is designed to integrate FXCM’s established retail forex client base into AvaTrade’s multi-asset trading ecosystem.

The migration of FXCM’s assets and business operations to the AvaTrade platform is expected to take place over approximately 120 days. Daire Ferguson, CEO of AvaTrade, stated that the deal advances the company's strategy to expand its international footprint and broaden its multi-asset offering through continued investment in AI technology.