Swissquote snaps up troubled forex trader ACM

27th October 2010, Comments 0 comments

Swissquote, Switzerlands leading online stock market trader, says it is quadrupling its foreign exchange operations by taking over privately owned ACM. The companys CEO tells Swisster due diligence is done on the deal that comes after the forex firm, found innocent of fraud allegations following a police raid last year, fails to obtain a required banking licence from Swiss authorities.

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