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FXCM set to sell FXCMPro

From leaprate.com

Jefferies LLC, which also advised on the sale of Hotspot FX earlier this week, is running the sale of FXCMPro, as FXCM looks to shed non-core assets. So how much is FXCMPro worth? LeapRate has learned that embattled retail forex broker FXCM Inc (NYSE:FXCM) is very close to effecting a sale of its institutional brokerage arm FXCMPro. M&A discussions around FXCMPro began virtually immediately after FXCM received a $300 million lifeline from Leucadia National Corp (NYSE:LUK) just under two weeks ago. FXCM stated at the time that it intended to sell non-core assets to help repay the loan from Leucadia. We (and most in ... (full story)

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