FX website Finance Magnates agrees to buy peer ForexLive

Currency market news and information website Finance Magnates has agreed to purchase online peer ForexLive for an undisclosed sum, according to a statement from the companies seen by Reuters on Thursday. The deal is the latest sign of investment in the market in the provision of news, data and analysis to thousands of small independent traders who are becoming an increasingly influential part of the $5 trillion (4.05 trillion pounds) a day global currency market. A source with knowledge of the d