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Pepperstone Financial Pty Ltd.-- Australia's biggest foreign exchange broker-- has hired New York-based boutique financial investment bank Berkshire Capital to encourage the company on strategic choices, 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 informed MoneyBeat in a meeting Wednesday. Australian online foreign exchange specialist OzForex has actually rallied 34.5 % since it joined the ASX earlier this month. In July, Pepperstone's smaller sized competing KVB Kunlun Financial Team Ltd8077. HK 0.00 % went public in Hong Kong while Plus500 Ltd. PLUS. LN +0.04 % was listed on London's Option Investment Market, or AIM. Mr. Kerr stated last month that Pepperstone had actually gotten numerous takeover offers, all which had actually been declined. Various other investment banks might be mandated if Pepperstone opts to pursue an IPO, Mr. Kerr stated Wednesday. According to information released by foreign exchange industry publication Forex Magnates, Pepperstone is the 11th biggest foreign exchange broker on the planet excluding Japan, averaging US$ 71 billion in regular monthly trades in the quarter to Sept. 30.