LMAX Exchange to acquire CB Capital Business ltd

LMAX Global a leading FCA-regulated broker for FX and part of LMAX Exchange Group,  has announced that CySEC has formally approved its application for a purchase of Cyprus-regulated broker CB Capital Business ltd.

First Published by e-Forex News: July, 2019

David Mercer
David Mercer

LMAX Global a leading FCA-regulated broker for FX and part of LMAX Exchange Group,  has announced that CySEC has formally approved its application for a purchase of Cyprus-regulated broker CB Capital Business ltd. Once complete, the deal will allow LMAX Global to build out and better serve its Southern European, Cypriot and Middle Eastern institutional and intermediary client-base. Commenting on the acquisition, David Mercer, Chief Executive of LMAX Exchange Group, said: “This acquisition is an important step for us as we look to expand our institutional client offering across Southern Europe, the Middle East and further afield. As our Asia and US-based businesses continue to thrive, it was clear that Southern Europe and the Middle East should be the next areas of focus for us in terms of growth.”