LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Faros clients are mainly hedge funds, institutional money managers, corporations, and family offices.
Just a few days after acquiring Alpari US’s retail assets, global forex leader FXCM has made an acquisition on the institutional side of its business, buying Faros Trading. Faros is a leader in FX intelligence, market coverage, and execution services to the institutional foreign exchange market. As they put it, Faros helps clients make money by providing provocative, thoughtful, and value added research.
Faros was founded and run by Goldman Sachs alum Ray Kamrath. Kamrath was formerly Managing Director and Global Head of FX Ecommerce at Goldman.
Financial terms of the acquisition were not released.
For the complete FXCM press release click here.