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Pepperstone Financial Pty Ltd.-- Australia's largest foreign exchange broker-- has actually hired New York-based dress shop financial investment bank Berkshire Capital to recommend the company on strategic options, including a sale or initial public offering. AU +0.85 % an option, along with NYSENYX -0.42 %, NasdaqNDAQ +5.82 % and the Hong Kong Stock Exchange0388. HK -0.96 %," Pepperstone's Chief Executive Owen Kerr told MoneyBeat in a meeting Wednesday. Australian online foreign exchange professional OzForex has rallied 34.5 % because it signed up with the ASX earlier this month. In July, Pepperstone's smaller competing KVB Kunlun Financial Team Ltd8077. Mr. Kerr stated last month that Pepperstone had actually received several takeover offers, all of which had been declined. Other investment banks may be mandated if Pepperstone decides to pursue an IPO, Mr. Kerr stated Wednesday. According to data published by forex market publication Currency Magnates, Pepperstone is the 11th biggest forex broker worldwide excluding Japan, averaging US$ 71 billion in regular monthly trades in the quarter to Sept. 30.