FXCM Group and Jefferies Expand Synergies with FX Prime Brokerage Relationship
April 23 2018 - 7:08AM
FXCM Group, LLC (“FXCM Group” or “FXCM”), a leading international
provider of online foreign exchange trading, CFD trading and
related services, together with Jefferies Financial Services, Inc.
(“Jefferies”), a wholly-owned subsidiary of Jefferies Group LLC
(“Jefferies Group”), the world's only independent full-service
global investment banking firm, today announced that the two
companies have expanded their FX Prime Brokerage relationship.
“Jefferies is quickly becoming a preeminent service
provider in the prime brokerage space and we’re very happy to be
expanding our relationship with them. This is yet another way
that our membership in the Leucadia family of companies helps FXCM
improve the service we provide our clients,” says Brendan Callan
CEO of FXCM Group.
“We are thrilled to be a partner of choice for FXCM Group, a
leader and pioneer in retail FX. Jefferies is committed to
addressing the credit gap in FX prime brokerage and our efforts
within the broker community is reflected in this win,” says Brandon
Mulvihill, Global Head of FX Prime Brokerage at Jefferies.
Jefferies Group is a wholly-owned subsidiary of Leucadia
National Corporation (NYSE:LUK), a diversified holding company.
Leucadia holds a 50% voting interest and up to a 75% economic
interest in FXCM Group.
FXCM Group pays Jefferies fees for use of its FX Prime Brokerage
services.
About FXCM Group, LLC
FXCM Group is a holding company of Forex Capital Markets
Limited, inclusive of all EU branches (FXCM UK), FXCM Australia
Pty. Limited (FXCM AU), and all affiliates of aforementioned firms,
or other firms under the FXCM group of companies (collectively
"FXCM").
FXCM is a leading provider of online foreign exchange (FX)
trading, CFD trading and related services. The company's mission is
to provide global traders with access to the world's largest and
most liquid market by offering innovative trading tools, hiring
excellent trading educators, meeting strict financial standards and
striving for the best online trading experience in the market.
Clients have the advantage of mobile trading, one-click order
execution and trading from real-time charts. In addition, FXCM
offers educational courses on FX trading and provides trading
tools, proprietary data and premium
resources. FXCM Pro provides retail brokers, small
hedge funds and emerging market banks access to wholesale execution
and liquidity, while providing high and medium frequency funds
access to prime brokerage services via FXCM Prime.
Trading foreign exchange and CFDs on margin carries a high level
of risk, which may result in losses that could exceed your
deposits, therefore may not be suitable for all
investors. Read full disclaimer.
Jaclyn Sales, 646-432-2463Vice-President, Corporate
Communicationsjsales@fxcm.com
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