A later Finance Magnates report said AvaTrade and an unnamed crypto exchange had allegedly made offers for Stratos. The reported AvaTrade proposal excluded FXCM Bullion Limited, and neither financial terms nor deal confirmation was available; this is retained separately because the reported state advanced from sale consideration to alleged bids.
Key points
- The offers were reported but not confirmed by AvaTrade or Jefferies.
- A bid is not the same as an agreed or completed acquisition.
What this means
Readers tracking FXCM corporate, staffing, ownership or partnership developments
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