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UK's IG Group to buy DailyFX from FXCM Inc for $40 mln
September 30, 2016 / 6:46 AM / in a year

UK's IG Group to buy DailyFX from FXCM Inc for $40 mln

Sept 30 (Reuters) - Online trading company IG Group Holdings Plc said it had agreed to buy news and research portal DailyFX and its associated assets from U.S. retail broker FXCM Inc for $40 million.

IG Group said the deal, which is expected to close by the end of October, would add about 5 million pounds ($6 million) to ongoing operating costs annually and add to earnings from IG’s 2018 financial year. ($1 = 0.7715 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sunil Nair)

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