FXCM targets wholesale and prime of prime
Other assets are set to be sold
Foreign exchange broker FXCM is refocusing the direction of its institutional business on wholesale and prime-of-prime (PoP) services, and away from non-core assets, which it will look to sell.
FXCM Pro, the wholesale business for retail brokers, small hedge funds and emerging market banks, and FXCM Prime, the PoP service catering for high-frequency trading (HFT) firms, have been identified by the firm as growth areas.
FXCM says it recently doubled the size of its broker services desk – a
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