Company Profile
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Founded
in 2001
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Part
of City Index Group
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Over
400 Group Staff Worldwide
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Foundation
FX Solutions was founded in 2001 by two foreign exchange veterans who realized the
Internet could provide the retail trader with the same instantaneous price and deal
information that had previously been available only to bank traders via private
networks.
The company opened for business with five employees and has since grown to over
40 professionals. In 2003 FX Solutions began live trading on its Global Trading
System (GTS) and began research and development on a proprietary "direct link" price
feed. This revolutionary price discovery and delivery system would give retail traders
their first true equality with the professional world of interbank traders. The
speed and accuracy of the GTS platforms allow FX Solutions to serve retail clients,
white label partners, and institutional trading partners. The company has been recognized
as one of America's fastest growing private companies by Inc. magazine for three
consecutive years(from 2005-2007). In a world cluttered with marketing and sales gimmicks, the FX
Solutions commitment to its traders remains unique.
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.
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.
Regulation
FX Solutions is regulated as a Retail Foreign Exchange Dealer by the Commodity Futures Trading
Commission (CFTC) and is a member of the National Futures Association.