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As we know, IBFX was taken over by TradeStation in November 2011. IBFX had received a backing of about $40M from someone prior to this takeover. Were they in trouble? Did they have to sell the company for scraps?
Now, hear this; TradeStation was taken over by Monex Group on June 11, 2012. The question is: was TraddeStation in trouble prior to this takeover?
Here is the nail; Monex Group is consolidating all their forex operations into IBFX and claim the company has a capitalization of over $500M. The last one we knew, had a capitalization (customer money) of over $400M and did not fair well.
Things to know; Tradestation was an American company under our regulations. Is Monex Group an American company?
So, what is the story here? Do I see a red herring?
Can you help answer these questions from other members on NexusFi?
