Who’s buying whom?
Barely a week goes by without a new announcement from one of the numerous FX service providers. What is probably more interesting than the latest new product offering, system enhancement or senior appointment is the talk of who will consolidate and who will be consolidated in a crowded marketplace. Recent buzz has suggested that Hotspot, whose backers include billionaire Joe Lewis, was taking a look at bank consortium-owned FXall. Well-placed sources say the two outfits held talks, but nothing further has materialized.
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