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IG Group to acquire DailyFX

First Published 3rd October 2016

IG Group to buy DailyFX from FXCM for USD 40 million.

IG Group, a provider of online trading, has agreed, subject to final approvals, to purchase DailyFX, news and research portal, and its associated assets, from FXCM Inc. for a total consideration of $40 million (currently £30.8 million).

It is anticipated that the transaction will complete by the end of October.

The DailyFX websites currently support eight languages, English, French, German, Italian, Spanish, Greek, Arabic and Chinese, with the client recruitment centred in related geographic regions.

IG will take on ownership of all of the assets associated with delivering the full service to current and potential clients, including journalistic and support staff, subscription lists, source code, all relevant domain names and all intellectual property rights.