Popular Forex Robot ROFX plans of launching an Initial Public Offering in 2021, with some big names already expressing interest.
October 31, 2020 —
ROFX has recently announced plans of launching an IPO in the third quarter of 2021, further positioning itself to disrupt the global FX market. ROFX, a leading provider of Forex trading robots is headquartered in London, with offices in Florida and Hong Kong. The company has grown since its initial launch back in 2009 to become one of the sought-after Forex trading solutions. It is often described as being one of the best automated forex trading robots in existence.
When it comes to value, liquidity, and trading volume, the forex market remains the largest financial market in the world. According to the latest statistics, the global forex market is worth over $2.4 quadrillion as of 2020, with a daily trading volume of about $6.6 trillion. Tech companies have started coming into this field with several solutions aimed at delivering consistent profits for traders.
Expert advisors(EA) otherwise known as forex robots are an offshoot of these technological developments in the forex industry, with ROFX being a leading name in consistently delivering profits to traders in recent times. The much anticipated IPO further increases the trading robot’s popularity and acceptance.
ROFX’s IPO has already started attracting the interest of some of the world’s largest investors.
There are discussions among experts that RoFx is going IPO as they have become an interest of Berkshire Hathaway, Warren Buffett's company, that currently negotiates for buying of RoFx majority stock holding. According to the terms of the agreement, Berkshire Hathaway should invest $ 500 million in AI development that will significantly improve RoFx trading results.
The team behind ROFX includes software developers and Forex traders with years of experience under their belt. ROFX has highlighted several of its features that have helped increase the success of traders in the market, helping it remain profitable since its launch. These include features such as multiple account levels, research data, exchange integration, and AI incorporation. This will significantly impact the success of the upcoming Initial Public Offering event.
Thus, the ROFX IPO is eagerly awaited by the world and the imminent disruption it will cause to the existing forex and financial system.
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