Exclusive: GCM Prime Acquires Institutional Clients Book from CMS UK

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Exclusive: GCM Prime Acquires Institutional Clients Book from CMS UK

Postby kreslik.news » Wed Sep 07, 2016 11:33 am


GCM Prime has just closed a deal to acquire the customer books and certain assets of Capital Market Services UK Ltd (CMS), an FXP International Ltd wholly-owned subsidiary. The acquired business unit focuses on providing institutional clients foreign exchange and CFD offerings and technology solutions.

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CMS clients were transferred last weekend when GCM Prime acquired a book which is dominated by brokerage firms. The deal also includes proprietary technology related to reporting and back office operations, CMS liquidity relationships and some key personnel that support the ... (read more)

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