The story of Alpari UK continues. The troubled forex broker still says that it has not entered a formal insolvency process and that a sale is on the cards. After FXCM was reported to be a potential buyer and this was denied, there may be another buyer.
Pepperstone, an Australian broker, is showing interest.
Update, Monday 16:30 GMT: Alpari UK enters administration after no buyers found
The Wall Street Journal quotes Pepperstone co-founder Owen Kerr: “Alpari “is something we are looking very strongly at”.
And here is more from the WSJ’s reporting:
There are a lot of small [market participants], and some big guys, and some big retail players, that we were looking at,” Mr. Kerr said.
Mr. Kerr said the retail currency-broking industry was ripe for consolidation. “Consolidation is good. Only the strongest survive in these type of things.
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