Credit: Holding firm Nukkleus is hoovering up the retail broker brands.
Bare with me on this one.
Currency Mountain Holdings, whose main shareholder is also part of FXDD, has become the main shareholder of a holding firm called Nukkleus. Nukkleus has acquired 100% of Iron FX's Australian operation, which was split off from Iron FX Global. In the deal, Nukkleus will take over Iron FX Aus and FX Giants, and a 9.9% stake in Iron FX Global. The deal is subject to regulatory clearance and if it goes through Nukkleus will be required to put in $1m for operations after it takes over the parent company of the Iron FX brands.
Part two of the deal involves Nukkleus entering an option agreement with FXDD Malta and FXDD Trading Ltd for a full takeover.
Nukkleus also lists Forexware under its assets.
It's quite a big sweep up of companies. FXDD vastly reduced their US operations to focus on the European markets.
Our friends at Finance Magnates have the full details .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
