Has FXAll / Matching & Dealing (FXT) been sold to Deutsche Börse yet ?
It was described as one of jewels in Refinitiv crown and selling the jewels to payoff the debts seemed the route they were taking.
I was told the Fx business is a cash cow with huge margins.
“Ship is sinking......”
Don’t worry the ELT are in their lifeboat and have the best of provisions.
Ship is sinking......
Initially it sounds like a great move.for staff as the buyers focus will be on the new product and staff being key to plan.
Think about this, DB owns 360T and it sounds like it'll be death by 1000 cuts as there'll be staff integration, system alignment and integration. Also as most clients trade on both platforms you can imagine the downtick in volumes as account consolidation occurs...
Think carefully about your next career move. Good luck to us all.
A shame given the importance of the busines to the bottom line.
It does mean there is nowhere to hide for the less profitable products that get the highest profile and resources.
This is probably going through due diligence...