UK-listed game technology provider Playtech PLC announced that it has already completed the acquisition of market maker ACM Group Limited with a tag price of US$150 million.

In a regulatory filing on Monday, Playtech said that the completion of ACM’s acquisition will now pave the way for the creations of the TradeTech Alpha brand.

“Alpha will deliver a bespoke risk management and trading solution to B2B customers,” the group said in statement.

Playtech’s acquisition of Alpha signals its expansion into the institutional FX space, and services to FX brokers and white label operators.