Quadro Capital Partners Together with FOREX CLUB Announce the Search for Investment Projects
MOSCOW, August 19, 2014 /PRNewswire/ --
Quadro Capital Partners (QCP) together with the founders of FOREX CLUB, within the framework of Venture Capital Fund FXC - QCP VC, announce the search for investment projects in the Internet trading market, including FOREX and CFD.
The decision to launch the search for investment opportunities is prompted by a continuing decline in turnover and profitability faced by the majority of Internet trading operators due to prolonged extremely low volatility of the global financial market. Over the past year, the values of VIX index that characterises the stock market volatility have remained significantly below the historic average. Currency rates fluctuation ranges, specifically for EUR/USD, have reached the minimal values in recent years. The euro volatility is the lowest since the introduction of this currency.
The planned amount of investment is up to $50 mln per one project. Deals can be structured both as M&A with subsequent integration in the FOREX CLUB Group of Companies, or as independent investment. Target geography: Russia, Ukraine, CIS, Eastern Europe, EU.
A partner of the Fund, co-founder of FOREX CLUB Group of Companies, Vyacheslav Taran, comments, "We are currently witnessing the worst situation in terms of volatility of financial instruments in the last 35 years. Something similar only ever took place in August 1998 and April 1978. If we look at the "eurodollar" volatility that is important for us, it is now the lowest since the very creation of the euro. Profitability in our business is a function of volatility. Consequently, now is one of the best moments for us to develop our business by investing in promising companies that have been forced into a crisis. While for these companies it's a good means to survive through the crisis, and for many of them - a chance to resolve a difficult situation in a dignified manner, without violating their obligations to clients."
The initiative of FXC-QCP VC Fund is also in line with the current trend for consolidation in the international FOREX and CFD market that saw several large purchase deals in the past year.
Information for editors:
FXC-QCP VC Venture Fund was created in December 2013 and is focused on investment in online financial services and adjacent spheres.
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