Exclusive: FXCM Emerges to Acquire FXDD US Retail Client Base

Amidst rampant speculation as of late surrounding the possible deal between FXDirectDealer (FXDD) and one of two possible US online FX brokers, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has learned that FXCM concluded a deal to absorb FXDD’s client accounts.

The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of FXDD by FXCM comes as little surprise, as the hypothesized acquisition of FXDD had been narrowed down to either FXCM or OANDA Corporation.

The details have been announced by several FXDD IBs to their clients and the deal is expected to go through in the coming week, pending regulatory approval.

The forex industry has seen several landmark deals over the past year, including Currensee’s acquisition by OANDA Corporation, FXCM absorbing Faros Trading, and GAIN Capital’s acquisition of Galvan Research in April.

Indeed, FXDD has weathered the storm as of late, despite a brush with regulators, including a substantial fine levied by the National Futures Association (NFA) last September.