MAS Markets has initiated the acquisition of Solid FX, securing an initial equity stake as the first phase of a full acquisition to be completed over the coming years. The deal expands MAS‘s institutional footprint by combining its margin trading business with Solid‘s global spot foreign exchange operations, creating a unified platform for institutional clients across multiple markets.
- Regulatory Framework: FCA-regulated MAS Markets
- Transaction Structure: Initial equity stake followed by full acquisition
- Prior Investment: Solid became a minority shareholder in MAS in 2022
- Business Focus: Spot FX and margin trading consolidation
The transaction builds on a partnership established in 2022, when Solid acquired a minority stake in MAS (formerly BidX Markets). The consolidation enables both platforms to strengthen liquidity provision, expand distribution channels, and develop complementary trading solutions while maintaining separate client relationships and service levels throughout the integration process.
This acquisition reflects the trust and partnership that has existed between MAS and Solid for many years, and it paves a clear path to full ownership in the years ahead. Strategically, this is a significant step forward for MAS.
Simon Blackledge, CEO of MAS Group, highlighted the strategic rationale, noting the deal provides exposure to the global spot FX market through an established institutional partner.
Simon Blackledge, CEO of MAS Group. Source: LinkedIn
Diego Baptista, CEO of Solid, described the alliance as a natural evolution that combines technology, market infrastructure, and relationships while offering clients access to broader liquidity and products underpinned by MAS‘s regulatory strength. The acquisition forms part of MAS‘s strategy to strengthen its institutional ecosystem through partnerships and expanded market access.
Diego Baptista, CEO of Solid. Source: Solid
