In a move underlining the consolidation wave engulfing the Forex industry, retail Forex giant FXCM is acquiring the bigger part of margin FX accounts of CitiFX Pro. FXCM Inc (NYSE:FXCM) a leader in online trading, today announced that its U.S. subsidiary Forex Capital Markets LLC (“FXCM U.S.”) and its UK subsidiary Forex Capital Markets Limited (“FXCM U.K.”), have agreed to assume the vast majority of margin forex accounts of CitiFX Pro from Citibank N.A. and Citibank International Limited (“Citibank”). On Friday, June 26, 2015, accepted CitiFX Pro accounts will be transferred to the corresponding FXCM entity after ... (full story)