Matchbook FX closes following GlobalNet Financial acquisition

NEWS

NEW YORK -- Online FX trading service Matchbook FX has closed, officials confirmed last week, following the acquisition of its parent company GlobalNet Financial by London-based investing company NewMedia Spark.

NewMedia, which bought GlobalNet for 45 cents a share of common stock on September 25, said it had assessed all GlobalNet’s investments during the purchase, and decided against keeping the online FX trading firm running.

A spokesperson at NewMedia in London told FX Week that Matchbook