Forex Magnates has learned that the recently beleaguered FXCM is in talks with several private equity funds, as well as cash-rich brokers to complete either a partial or full asset sale or raise between $100-200 million by as early as Monday.
FXCM has incurred $225 million in losses as well as a debilitating share crash, which prompted rumors to swirl as to its fallout. One of the players FXCM has been rumored to talk to was ADS Securities, a cash-rich broker based out of Abu Dhabi who could provide a solution or outright exit strategy.
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Alternatively, another name that is being tossed around is Jefferies, who could be looking for a purchase of FXCM in the neighborhood of $200 million. The details of a potential deal appear to be imminent and are expected to be concluded as early as Monday.
In another turn, FXCM has just had a review opened up against it by the US CFTC following a crash of 88.2% and suspension of trading Friday that saw its shareprice tumble to $1.42.