FX

FXCM to focus on wholesale business

Foreign-exchange broker continues to sell off non-core assets to repay debt

FXCM said on Monday that it plans to focus its institutional operations on its wholesale business, as the New York-based foreign-exchange broker sells off non-core assets to repay debt.

Brandon Mulvihill, FXCM's global head of institutional sales, said: "With the pending disposition of institutional non-core assets we are now purely focused on mobilising more resources to our wholesale business, where we have seen tremendous success."

WSJ Logo
The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.