FX news: Newly-acquired 4Cast looks good
4Cast, providers of macro-economic, FX and fixed income analysis, has been wholly acquired by Fin-Ex asset management.
4Cast’s real-time analysis used to be a key tool on traders’ desks from its launch in 1994. But since the turn of the decade, in the face of greater competition in analytics by Bloomberg and Reuters, it became less ubiquitous.
The acquisition by Fin-Ex may re-invigorate the brand, allowing 4Cast to expand its coverage into credit markets, corporate bonds, commodities and energy markets.
Mickey Arora, who once owned market analysts MMS International, and is chairman and CEO of Fin-Ex, says: “4Cast has a great heritage and a reputation for the best analysis in foreign exchange and global fixed income. Its graphic presentation is unmatched by its competitors. The investment will accelerate management’s initiatives to increase the range of markets covered and its global presence.”
Rowland Park, co-founder of 4Cast, says: “We are delighted to have Fin-Ex on board and were particularly impressed by its collaborative investment approach which will allow 4Cast to realise its ambitions. This is great news for both our team and our customers. I very much look forward to the new innovations and products that will result from this investment.”