NEW YORK, Feb. 3, 2022 – We are pleased to announce the closing on January 8, 2022 of FlexTrade Systems Inc.’s $125+ million cash sale of its FX trading platform MaxxTrader, a leading provider of FX pricing and risk solutions for sell-side institutions, to the Singapore Exchange (SGX).

MaxxTrader has built a strong, global client and dealer franchise with over 100 international banks, regional banks, broker-dealers, and hedge funds currently connected to its platform. Plus, its average daily volume has grown to over $17 billion as of June 2021. SGX’s acquisition of MaxxTrader will accelerate its plans to build an integrated FX marketplace that facilitates access to OTC and on-exchange currency derivatives for international investors.

Ortoli Rosenstadt LLP represented FlexTrade Systems Inc. in the transaction and its team was led by Partner Paul Pincus, with assistance from Partners Richard Ortoli and Aldo Panunzio.