Investors
In February of 2008, City Index Group, a leading provider of retail derivative trading services including Contracts for Difference (CFD's) and foreign exchange announced the acquisition of FX Solutions, LLC in an all equity transaction.
City Index Group is an ideal partner to take FX Solutions to the next stage of business growth. The combination of City Index Group and FX Solutions has created new product offerings for the respective clients and has accelerated FX Solutions' global expansion.
The combined Group employs over 400 staff across offices in the UK, United States, China, Singapore and Australia. Additionally, partnership relationships exist throughout Europe, North America, Australia and the Middle East, transacting approximately 1.6 million trades per month. The Group is regulated in Europe, the United States, Singapore and Australia.
The combined Group employs over 400 staff across offices in the UK, United States, China, Singapore and Australia. Additionally, partnership relationships exist throughout Europe, North America, Australia and the Middle East, transacting approximately 1.6 million trades per month. The Group is regulated in Europe, the United States, Singapore and Australia.
In April of 2007, Francisco Partners, one of the world's largest technology-focused private equity investment firms, invested in excess of $100 million to recapitalize FX Solutions. Headquartered in San Francisco, California, the firm has approximately $5 billion of committed capital, and was founded to pursue structured investments in technology companies undergoing strategic, technological and operational inflection points.
Francisco Partners' investment in FX Solutions validates the company's business model and strategy, and underscores the confidence in our senior management team. David Golob, Managing Director at Francisco Partners, has commented "we were impressed with the technological depth of FX Solutions' trading platform as well as the value of the service which the company delivers to institutional partners and retail customers alike." By working with Francisco Partners, FX Solutions can leverage their deep experience in the technology sector to expand and enhance our customer offerings, as well as get these innovations to our clients more quickly.