The well-known forex EA service provider ROFX announces plans for an Initial Public Offering in 2021, and big names in the financial field are already intrigued.
ROFX has announced its Initial Public Offering (IPO) in the third quarter of 2021 recently. The company is one of the leading providers of forex expert advisor software. It has offices in Hong Kong and Florida, along with its headquarters in London. Since its establishment in 2009, ROFX has grown a lot and it is now one of the best forex trading solution providers.
The forex market is the biggest financial market worldwide in respect of value, trading volume, and liquidity. Based on the current statistics, the forex market is worth more than $2.4 quadrillion in 2020, with an approximate daily trading volume of $6.6 trillion. Tech companies from all around the world are coming into this industry with the objective of assisting traders to gain consistent profits.
Forex robots, known as expert advisors (EA) are the fruits of these technological developments and ROFX has become the leading name of the industry as it has been delivering constant profits to traders. The upcoming IPO is highly anticipated and it is going to increase the popularity and acceptance of the trading robot even more.
The announcement of ROFX’s IPO is already attracting the interest of some big shots. There are talks in the market that Warren Buffet, one of the largest investors in the world is interested in ROFX’s IPO. His company, Berkshire Hathaway is reportedly going to buy the majority stock holding of ROFX. According to the terms of the agreement, Berkshire Hathaway has to invest $500 million in the development of the AI department that can improve ROFX trading results significantly.
The group behind ROFX trading EA includes experienced forex traders and software developers. ROFX highlights many features that help a large number of traders in the forex market so they can have profitable trades. The features include multiple account levels, exchange integration, research data, AI incorporation, and more. It will also leave a significant impact on the upcoming IPO.
Therefore, the world is eagerly awaiting the ROFX IPO and the stir it will cause to the forex market and financial system.
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