Guru Capital Finalizes Acquisition of ETX Cyprus

Guru Capital, a Swiss private equity firm, has completed the acquisition of ETX Cyprus, Cyprus based Monecor Ltd after successfully acquiring UK based Monecor Ltd.

Monecor Ltd operates the ETX Capital brand in the UK. ETX Capital is one of the UK's leading online CFD and spread betting companies. With the change in ownership, Guru Capital said that its vision for ETX Capital is expanding the London-based brand in new markets. ETX Cyprus will be the headquarters of the brand's European operations.

ETX Capital CEO Philip Adler said, "I am delighted that Guru Capital is now the owner of our Cypriot sister company. ETX has a long tradition of offering best in class service to our UK clients and we are looking forward to ETX Cyprus picking up that baton and being at the heart of ETX's European expansion."

Ryan Nettles, Managing Partner at Guru Capital, commented, "The ETX platform offers a very compelling opportunity for European traders due to its user-friendly functionality and multi-asset offering with over 5,000 tradeable instruments."