-
FXCM's Institutional Department Announces Future Direction
FXCM Inc. (NYSE:FXCM) a leading online provider of foreign exchange (FX) trading and related services, today announced the future direction of FXCM's Institutional business. Separate from the institutional non-core assets the firm has announced plans to sell, FXCM will continue various institutional services. FXCM's Institutional department, FXCM Pro, will focus heavily on its wholesale business, which will continue catering to retail brokers, small hedge funds and emerging market banks while FXCM's Prime of Prime business, FXCM Prime, will focus on high frequency trading customers (HFTs). "With the pending ... (full story)