PFG Best Forex Assets to be Auctioned

The Peregrine Financial Group Trustee website has announced a notice of an intended auction for certain PFG Best Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term related assets. The auction is to begin on February 12th at the office of Shaw Fishman Glantz & Towbin LLC, the chapter 7 trustee law firm involved with the liquidation and transfer of PFG assets.

Assets being auction are PFG’s FX aggregation an matching engine, ‘Typhoon’ and ‘Bar’ order processing and back office software, hardware used to operate the software, certain Designated Agreements, and certain software licenses, NDAs, and non-compete agreements. To be included in the bidding, interested parties need to deliver formal bids and proof of being a qualified bidder by February 11th.

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