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."

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

Chelsey Dulaney, The Wall Street Journal

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FXCM to focus on wholesale business

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