just now
November 15, 2023 - Banyan Software, a prominent acquirer of outstanding software businesses, has officially announced its acquisition of FXCubic, a company providing an advanced pricing aggregation solution founded in 2016 by Ege Kozan, Sencer Coltu, and Cem Kozanan. Ege Kozan, Managing Director of FXCubic, will remain actively involved in the business post-acquisition. Terms of the deal were not disclosed.
FXCubic's platform offers retail trading brokers low-latency access to a diverse network of liquidity providers, including banks and hedge funds. This technology enables brokerages to access extensive pricing data tailored to their preferences and needs, facilitating efficient and competitive trading execution.
Keith Bird, Operating Partner at Banyan Software, praised the acquisition, stating, "Ege and his team have developed a remarkable platform that is driving significant value for retail trading brokers and their clients. We look forward to working closely with Ege and the entire FXCubic team to continue to build upon their incredible success."
Ege Kozan, Managing Director of FXCubic, expressed his enthusiasm about the acquisition and future prospects. He remarked, "Banyan Software is the ideal partner to take FXCubic to the next level. Their expertise, resources, and commitment to preserving our company culture make this a win-win for everyone involved. We are excited about the opportunities for growth and innovation that lie ahead, while always prioritizing the service quality that are known for."
FXCubic, since its inception, has been a advanced pricing aggregation solution provider of advanced pricing aggregation for retail trading brokers. Its key offerings include low-latency access to a range of liquidity providers and customisable brokerage features, enhancing competitive trade execution and risk management.
Banyan Software, Inc., stands as the ultimate home for successful enterprise software companies, focusing on long-term growth and preserving the legacies of founders. Established in 2016, Banyan operates in various sectors, backed by a team of experienced CEOs and investors. More information is available at banyansoftware.com.
