Amidst rampant speculation as of late surrounding the possible deal between FXDirectDealer (FXDD) and one of two possible US online FX brokers, Forex Magnates has learned that FXCM concluded a deal to absorb FXDD’s client accounts.
The acquisition of by FXCM comes as little surprise, as the hypothesized had been narrowed down to either FXCM or OANDA Corporation.
The details have been announced by several FXDD IBs to their clients and the deal is expected to go through in the coming week, pending regulatory approval.
The forex industry has seen several landmark deals over the past year, including , , and .
Indeed, FXDD has weathered the storm as of late, , including a levied by the National Futures Association (NFA) last September.
Be First to Comment