FXCM Completes Sale of FXCM Securities to Expobank
FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, announced that it has completed its sale of FXCM Securities Limited., (“FXCM Securities”) to AS Expobank (“Expobank”). This is a non-material disposition of one of FXCM’s non-core assets. At this time the purchase price has not been disclosed.
FXCM Securities was FXCM’s brokerage specializing in exchange traded equities, futures, and options, which was acquired back in 2010 with FXCM’s acquisition of ODL Group Limited.
Source: FXCM
