FXCM confirms M&A talks with high speed trading firm Infinium
FXCM confirms M&A talks with high speed explained by professional Forex trading experts the “FXCM confirms M&A talks with high speed” FX trading team.
FXCM confirms M&A talks with high speed
However FXCM did not say whether or not any sort of investment in or acquisition of Infinium was imminent.
After a Wall Street Journal article reported that leading forex broker FXCM was in talks to to invest in Infinium Capital Management LLC, a Chicago-based struggling high-frequency trading firm, FXCM decided to post a quick comment confirming that it had held talks with Infinium, but that it had at this stage at least ‘no material information to disclose’.
As we’ve written recently, FXCM has a large cash position plus access to a large credit facility, and has not been shy about its acquisition plans, although to date most of those have been in the FX sphere, such as its June 2012 purchase of institutional FX market maker Lucid Markets.
FXCM is a member of LeapRate’s Approved List of global regulated forex brokers.
For the original Wall Street Journal article on the FXCM-Infinium talks click here.
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