In a move underlining the consolidation wave engulfing the Forex industry, retail Forex giant FXCM is acquiring the bigger part of margin FX accounts of CitiFX Pro.
Read moreThe deal will enable Interactive Brokers to beef up its offering to robo-adviser companies.
Read moreFXCM unloads part of its institutional capabilities to 'cousin company' Jefferies LLC. Jefferies is owned by Leucadia, which bailed out FXCM in January.
Read moreFXCM Inc (NYSE:FXCM), a giant in the retail Forex industry, announced today that Rakuten Securities, Inc., a subsidiary of Rakuten Inc (TYO:4755), will acquire its Japanese operations in a deal worth approximately $62 million. The definitive agreement has been reached amid FXCM Holdings, LLC and FXCM Newco, LLC (“FXCM”) and Rakuten. The deal will see…
Read moreKVB Kunlun Financial Group Ltd (HKG:8077), the Hong Kong-focused retail Forex broker, issued an update on trading in its shares earlier today. No major piece of news was announced, with the broker simply stating that trading in its shares will remain suspended until it prepares the official release of a deal with the purchaser. KVB…
Read moreGFI seems keen to be taken over by CME Group and not BGC. Now, under the terms of the revised offer, the consideration payable to GFI Group shareholders rises from $5.25 to $5.60 per share which matches BGC's latest offer on the table. What will happen next?
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