Jefferies Updates Plans for Continued Expansion of Foreign Exchange Brokerage Business
June 04 2015 - 12:19PM
Business Wire
Jefferies Group LLC announced today that it is continuing to
implement plans for expansion of its foreign exchange business as
the Faros Trading business it acquired from FXCM in April has now
been fully integrated with Jefferies FX business.
Ray Kamrath, Global Head of FX at Jefferies, stated: “Jefferies
Foreign Exchange offers clients the highest quality trade
execution, macroeconomic analysis and timely strategy on data and
events that drive FX markets. Clients are able to trade spot,
forwards, swaps, NDF’s and options through traditional voice
methods with experienced traders, as well through flexible
e-commerce solutions. Over twenty-five professionals deliver value
to clients through our FX centers in New York, London and
Singapore. Following the acquisition of Faros Trading in April, we
will continue to enhance our capabilities. We are executing a plan
that will position Jefferies as an important partner to our clients
in FX."
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 and foreign exchange, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150604006041/en/
JefferiesRichard Khaleel,
+1-212-284-2556rkhaleel@jefferies.com
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