News from our mates at Finance Magnates
One of the biggest FX sites, DailyFX has just been sold to IG Group by FXCM. FXCM got into a bit of bother over the SNB cap pull but has managed to slowly turn itself around with help from a cash injection from Leucadia. This sale is a bit of a surprise though, and raises the question of why? It may mean they need to raise cash to repay some of the Leucadia money, but there’s nothing confirmed.