FIXI expands with RCG FX
The deal, closed last Monday (June 25), sees the recently launched broker purchase all customers and a 14-strong London-based FX team. The two businesses will begin integration this Friday.
The move follows the appointment of Bashir Nurmohamed of RCG to the board of FIXI on June 11.
Market sources say the sale of the FX business by RCG does not come as a surprise. “I don’t think they were ever comfortable with the idea of FX risk. Like a lot of the Chicago houses, Rosenthal are futures
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