FXCM to buy ODL Securities

- Saima Farooqi
- 04 May 2010

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The sale gives FXCM a stronger presence in the UK and European markets and combined client assets of more than $800 million.

Commenting on the acquisition, Drew Niv, chief executive at FXCM, in New York, said: “For several years, FXCM has been working towards becoming a major player in Europe. The deal with ODL will provide us with a great opportunity to achieve this. We believe FXCM will be the only retail forex firm with a truly global footprint. In an industry in which size and scale are

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