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Pepperstone Financial Pty Ltd.-- Australia's biggest forex broker-- has actually worked with New York-based boutique investment bank Berkshire Capital to advise the business on strategic options, consisting of 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 specialist OzForex has actually rallied 34.5 % since it signed up with the ASX earlier this month. In July, Pepperstone's smaller competing KVB Kunlun Financial Team Ltd8077. Mr. Kerr said last month that Pepperstone had actually received numerous takeover offers, all which had actually been rejected. Various other financial investment banks might be mandated if Pepperstone opts to pursue an IPO, Mr. Kerr stated Wednesday. According to data released by foreign exchange industry publication Forex Magnates, Pepperstone is the 11th largest forex broker worldwide leaving out Japan, balancing US$ 71 billion in regular monthly trades in the quarter to Sept. 30.