Evia: rising capital costs to encourage mergers in 2019
Trend of mergers and acquisitions in FX industry set to continue, says Alex McDonald
As the cost of capital continues to rise, the probability of seeing mergers and acquisitions unfolding in the foreign exchange industry during 2019 is highly likely, says Alex McDonald, chief executive of the European Venues and Intermediaries Association.
Notable tie-ups in recent years have seen exchanges acquire over-the-counter trading platforms, with the likes of CME acquiring Nex in 2018, Euronext buying FastMatch and Bats purchasing Hotspot in 2017, and Deutsche Börse gaining 360T in
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