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Over the course of the last few years, Playtech LON: PTEC has been trying to enter the niche of the retail FX trading services as well as launching quite a few binary options brands.
Today we are happy to inform you that nearly a month has passed since Playtech has purchased CFH Group. In this article, we are going to take a look at the deal in the very detail, examine the possible outcomes and the reasons for this acquisition. CFH Group consists of a few different branches.
The main business unit of this group is composed by a prime brokerage, CFH Clearing, a company that serves other retail brokers by providing them with the liquidity and various trading-related technology. This is a great deal for Playtech, as this way it can power-up its retail FX brands. It is a trading platform that can easily by white-labeled and is, actually, very advanced when compared to the most popular platform in the retail FX industry — MT4. Finally, the 3rd part of the deal is about transferring an educational portal called Tradimo.
This page is currently available in five languages: English, Russian, Arabic, Chinese and German. The website is estimated to get roughly , unique visitors according to SimilarWeb data. First of all, it does seem that CFH Group was a good buy. It has shown a strong growth over the last year and it has been integrated with quite a few broker and banking clients. Next to this, it is clear that instead of launching new types of casino products, like bitcoin gambling, Playtech looks into investing more in its financial unit.
CFH technology seems to be a great fit here, as it will provide great platforms for retail FX brands. Apart from that, Playtech has been having some bad luck acquiring FX brokerages in the past, as the regulators have seen the company more gambling-oriented than trading. With this purchase, Playtech might stand more chances when it comes to future acquisitions of the retail brokers. It can become a strong content base and a lead generating machine for the company. This has led Playtech to aquire more companies in its core business — gambling.
Even though it has purchased the companies that are involved in both online and offline gambling, Playtech still has failed to offer any sort of bitcoin gambling software. Stay up to date with the financial markets everywhere you go. Why Playtech wanted it? Comments 0 comment s Click here to cancel reply. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper.
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