RFXA and Gain abandon their negotiations
NEWS
In a notice to clients dated July 25, RFXA said discussions had broken down on both sides due to a failure to agree terms for purchase of the assets. This is despite both companies having entered into a term sheet outlining the transaction (FX Week, July 10).
As a result of this, RFXA is today (July 31) terminating an agreement with FXCM, which services its web-based platform. As such, customers have had to close positions and will no longer be able to trade on refcofx.com. Any open positions
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