FX market round up: Refco’s FXCM stake up for grabs
The stake held by Refco in FXCM, a leading retail aggregator, has been put up for sale by the creditors of the bankrupt futures brokers. Initial bids have to be submitted by June 29. Refco’s creditors will then launch a second round for the highest bidders, ending July 29, with the final winner announced in August.
Who will bid for Refco’s FXCM stake? Euromoney FiX