Ava Trade is a contract-for-difference foreign exchange broker.
Playtech Cyprus Ltd. (LSE:PTEC), controlled by Teddy Sagi, announced today that its subsidiary TradeFX will buy Israeli company Ava Trade for $105 million.
Ava Trade is a contract-for-difference (CFD) foreign exchange broker founded in 2006.
The company has a monthly trading volume of $60 billion, with over two million trades a month.