LeapRate has learned from industry sources that FXCM’s next asset sale will be that of its regulated UK CFD arm FXCM Stock Trading. Apparently FXCM is in advanced negotiations to sell FXCM Stock Trading to AS Expobank. Controlled by Russian multimillionaire Igor Kim, Expobank is one of the oldest banks in Latvia, with a branch in Cyprus and a representative office in Hong Kong. FXCM Stock Trading is the trading name of FXCM Securities Limited, one of two FCA regulated arms of FXCM Inc (NYSE:FXCM) in the UK. It originated as the business FXCM acquired from ODL Securities in 2010 for $52 million, and was kept since as ... (full story)