Refco buys stake in ACM
Nick Bang, commercial director and part-owner of ACM in Geneva, said the backing of Refco would help support AC Markets’ aim to increase its penetration into high-net-worth and institutional business. "We are recognised as being very competitive but we are not the largest online broker," he said. "ACM has already been growing at an average of 15% every month for two and a half years, but with Refco’s backing we hope for further growth." This would take ACM closer to the volumes of its key
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