FXCM 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 moreThe disparity between London's financial sector and the remainder of not only Britain but the entire European continent is at its widest ever. Andrew Saks-McLeod looks at macro-economic factors which surround the FX business in London, and draws comparison with the rest of the country
Read moreKeenly placed after a rise of fortunes which have driven an increase of 130% in share value, KVB Kunlun may be the next FX firm to be subject to the wave of mergers and acquisitions that have engulfed the global FX industry recently, with an investor showing interest in possible acquisition of all or part of the 1,500 million Shares owned by the controlling shareholder.
Read more