FXCM Aqcuires Controlling Stake In FX Intelligence Firm Faros Trading LLC
- FXCM has announced that it has acquired a 50.1% interest in FX intelligence, market coverage, and institutional FX execution services provider Faros Trading LLC, demonstrating an increasing focus on acquisitions.
Mergers and acquisitions are certainly becoming a feature within the retail side of the FX industry this week, further borne out by today’s announcement by FXCM, that it has acquired a 50.1% stake in American FX intelligence and market coverage company, Faros Trading LLC.
FXCM CEO Drew Niv made a corporate statement today that “The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Faros expands FXCM's institutional business, adding industry leading market intelligence and client services to the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term platforms we now offer."
"The combination should expand our market reach and deliver a compelling suite of services to institutional FX traders,” he concluded.
FXCM has shown interest this year in acquiring compatriot FX firms, originally engaging in discussions with GAIN Capital, and subsequently eschewing entry into a deal, citing GAIN Capital’s then imminent purchase of GFT, as its reason for not proceeding.
Drew Niv, CEO, FXCM
Bearing in mind the firm’s interest in strengthening its armory by acquiring one of its peers, especially at a time when it remains one of the only retail FX firms serving the United States, this particular acquisition represents an interesting move,when considering that Faros Trading also provides order execution services to institutional FX firms.
The company has not disclosed the financial terms surrounding its acquisition of Faros Trading, and confirmed that no further details are currently being released on the matter.
Mergers and acquisitions are certainly becoming a feature within the retail side of the FX industry this week, further borne out by today’s announcement by FXCM, that it has acquired a 50.1% stake in American FX intelligence and market coverage company, Faros Trading LLC.
FXCM CEO Drew Niv made a corporate statement today that “The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Faros expands FXCM's institutional business, adding industry leading market intelligence and client services to the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term platforms we now offer."
"The combination should expand our market reach and deliver a compelling suite of services to institutional FX traders,” he concluded.
FXCM has shown interest this year in acquiring compatriot FX firms, originally engaging in discussions with GAIN Capital, and subsequently eschewing entry into a deal, citing GAIN Capital’s then imminent purchase of GFT, as its reason for not proceeding.
Drew Niv, CEO, FXCM
Bearing in mind the firm’s interest in strengthening its armory by acquiring one of its peers, especially at a time when it remains one of the only retail FX firms serving the United States, this particular acquisition represents an interesting move,when considering that Faros Trading also provides order execution services to institutional FX firms.
The company has not disclosed the financial terms surrounding its acquisition of Faros Trading, and confirmed that no further details are currently being released on the matter.