Company Update: Sale of ETX Capital to Guru Capital

Company Update: Sale of ETX Capital to Guru Capital

Written by: Tim Messenger

The team at ETX Capital is delighted to announce that the company’s current shareholders have agreed terms of a sale of ETX Capital to a fund associated with Guru Capital, a Switzerland-based private equity firm with a special focus on FX and CFD Brokerage.

Roger Nagioff, Founding Partner of JRJ Group, said, “During JRJ’s ownership, we have invested in bolt-on acquisitions and enhanced the technology of the firm. We are delighted with the strength and resilience of the platform we have built, alongside the management team and employees, and we wish the enterprise every success in its next stage of growth.”

What Does It Mean For Customers and Traders?

There will be no disruptions to the services and business will continue as usual. You will receive the same personalised services and the award-winning trading platforms will be available as before. ETX Capital has an exciting future and this will present great opportunities for existing and future clients.

Customers do not need to do anything and will not notice the change of the ownership, at least till the new management team gets in place and set out a new business plan.

Please note: The transaction is subject to regulatory approval and is expected to close by the end of the year.