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Forex Intl Trading Corp in LoI to buy 51% in software firm.

Europe Intelligence Wire

| August 24, 2011 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From M&A Navigator)

MANAVIGATOR-May 26, 2011-Forex Intl Trading Corp in LoI to buy 51% in software firm (C)2011 M2 COMMUNICATIONS http://www.m2.com

US online provider of foreign exchange trading services Forex International Trading Corp (OTCBB:FXIT) on Thursday said it had signed a letter of intent (LoI) to take 51% in online trading software firm ParagonEX, as it plans to become a major player in the trading platform sector. Financial terms were not provided. ParagonEX is the software provider of Forex' …

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