Exco Buys Bierbaum German Operation As Hagan Refocuses On Forward Forex
BROKERS
Trio Holdings, the holding company for money broker Martin Bierbaum, has announced plans to sell its German operation to rival Exco, as part of a refocusing in which the company's core product will become forward foreign exchange.
The announcement of the disposal of Trio's German subsidiaries ends weeks of market speculation about a major realignment of the broking industry in response to the inroads into traditional spot business made by the electronic broking services and the general fall in
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