FXCM To Aim At Equity Houses And Small Banks
NEWS
NEW YORK--Forex Capital Markets (FXCM), the New York-based foreign exchange market maker, is planning to use its online trading system to exploit growing interest in the foreign exchange markets from players previously devoted to equities.
The firm is also aiming to recruit smaller banks who wish to retain independent forex operations to its client base outside of the US, with partnerships being negotiated with firms in Germany and Taiwan.
"Second- or third-tier banks have very high overheads
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