FXCM set for auction, again
This would be the second time a portion of FXCM would have to be auctioned due to the collapse of a key investor within the space of three years. Lehman purchased a 9.9% stake of the company through an auction in December last year, after the 2005 collapse of key investor Refco left 35% of the company to be sold off (FX Week, December 3 2007).
Barclays, which is acquiring Lehman Brothers' US investment banking and capital markets businesses, including its derivatives operations, for $250 million
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