The banks who own FXall, a foreign exchange electronic trading platform, are in talks to sell a minority stake to private equity firms, extending recent merger and acquisition activity in this sector, Reuters reports.
FXall have hired Goldman Sachs to sell a minority stake, though some of the 17 banks – including Bank of America, Credit Suisse, Citigroup and Goldman Sachs – who own the platform are keen to see it sold entirely, the wire service said.