Citi confirms that it is making a move into retail FX with its plans to launch CitiFX Pro. As reported in last week’s column, Saxo Bank will provide the technology and client support for the platform, to be rolled out initially in the US and then to various other locations throughout 2008.
The results of the auction of the 35% stake held in FXCM by Refco have been released. There were six winning bidders, including Long Ridge Equity Partners (and affiliated entities) and Lehman Brothers.
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