It seems as though Tadawul FX is not the only Forex broker looking to expand the technical provisions it offers its traders. Markets.com, a top-rated Forex broker regulated by CySEC and MiFID has recently acquired certain parts of Strategy Runner, a Forex technology company that had only recently been acquired by the troubled MF Global.
Strategy Runner is a service that offers both an advanced charting package and a strategy exchange through which retail Forex trader scan choose from a dizzying array of trading strategies, predominantly (though not entirely) in the futures industry. In the new deal, Markets.com will acquire both technology and staff members from Strategy Runner, in a move that shows the brokerage's desire to remain at the forefront of the world of Forex technology. Strategy Runner was acquired for the second time for a pittance, as compared to what MF Global paid, though the team is likely relieved by the bailout.
Markets.com, known for its continuing efforts to lead the Forex world, will likely put its new team and savvy to new use, and we look forward to reporting about future achievements of both of these newly-merged companies in the upcoming months. But as of now, Markets.com has not publicly announced its plans, leaving us to wait with anticipation to see what exactly is in store.