Breaking: FXCM to Sell US Accounts to GAIN Capital
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Breaking: FXCM to Sell US Accounts to GAIN Capital
FXCM Inc (NASDAQ:FXCM), the biggest US foreign exchange broker by market share, has committed to selling its US accounts after reaching a settlement with the US financial regulators that requires it to exit the US market. The company issued an official announcement on its investor relations website, containing information vital to US clients of the brokerage.
FXCM will be offloading its US accounts to GAIN Capital Holdings Inc (NYSE:GAIN) for an amount that is yet to be determined. The companies have signed a non-binding letter of intent for the transaction. The deal is subject to regulatory approval by US ... (read more)
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TygerKrane
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Re: Breaking: FXCM to Sell US Accounts to GAIN Capital
Well!
There we have it
There we have it