The news follows speculation, that the broker was planning to leave the US amid contracting business. In terms of their dwindling business, earlier this month, Forex Magnates reported on CFTC FCM financials, that showed Alpari’s retail forex deposits declining, even as much of the rest of the industry was experiencing gains in accounts and asset sizes during 2013. In terms of the relationship with FXCM, the broker’s CEO, Drew Niv, alluded to a potential deal with another large player during an interview with Forex Magnates, following the firm’s second quarter earnings reports.
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As the story develops, Forex Magnates will provide updates as we receive more information.