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Months after FXCM’s US exit, companies with similar names emerge in Britain
More than seven months have passed since the United States Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) published the findings of investigations into FXCM’s US operations. As most of you probably remember, these findings led to the broker’s exit from the US retail FX market, whereas FXCM Inc changed its name to Global Brokerage Inc (NASDAQ:GLBR). While the low price of Global Brokerage shares leaves the door open for a NASDAQ delisting and raises chances of a corporate default, FXCM has sought to distance itself from Global Brokerage. That was sort of an expected move, ... (full story)