WSS gets $105m
"We are committed to meeting the frenetic demand from our clients and the industry to drive down cost per trade with increased efficiency and to handle the double-digit volume growth," said Larry Ng, director of corporate development at Wall Street in New York. "We must continually invest to keep up with the pace of change in the FX business, as it becomes electronic- and algorithmic-driven."
The company has obtained a new $105 million secured credit facility from Wells Fargo Foothill, part of
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