FXCM buys majority stake in Faros Trading
Retail broker FXCM has acquired a 50.1% stake in US-based agency brokerage Faros Trading, as it continues to expand its formerly retail-focused business into institutional foreign exchange.
"The acquisition of Faros expands FXCM's institutional business, adding industry-leading market intelligence and client services to the execution platforms we offer now. The combination should expand our market reach and deliver a compelling suite of services to institutional FX traders," says Drew Niv, chief
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