Jefferies Expands Foreign Exchange Brokerage Capabilities with Acquisition of Faros Trading from FXCM
09 April 2015 - 10:00PM
Business Wire
Jefferies Group LLC announced today that it is expanding further
in foreign exchange brokerage with the acquisition of Faros
Trading, LLC, the institutional foreign exchange brokerage
subsidiary of FXCM Inc. Ray Kamrath, Faros’ Chief Executive
Officer, will serve as Jefferies’ Global Head of Foreign Exchange.
Jefferies’ existing foreign exchange business and Faros will
operate as a single team.
Fred Orlan, Global Head of Fixed Income at Jefferies, stated:
“We are very pleased to expand our capabilities in foreign
exchange. With major changes in these markets, we believe that
there is a significant opportunity to provide clients with
transparent advice, best-execution and market-expertise. Our
foreign exchange effort will be closely coordinated with our global
rates capabilities, in order to provide clients with a full-service
macro offering.”
Jefferies, the global investment banking firm focused on serving
clients for over 50 years, is a leader in providing insight,
expertise and execution to investors, companies and governments.
The firm provides a full range of investment banking, sales,
trading, research and strategy across the spectrum of equities,
fixed income, foreign exchange, futures and commodities, as well as
wealth management, in the Americas, Europe and Asia. Jefferies
Group LLC is a wholly-owned subsidiary of Leucadia National
Corporation (NYSE:LUK), a diversified holding company.
JefferiesRichard Khaleel,
+1-212-284-2556rkhaleel@jefferies.com
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