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Shares of FXCM (FXCM -1.2%) surged yesterday after the newly public forex broker was cited as...
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Wednesday, March 30, 2011, 9:43 AM ETShares of FXCM (FXCM -1.2%) surged yesterday after the newly public forex broker was cited as one of seven possible takeover targets in a Seeking Alpha blog. But such speculation seems misguided, Citi analyst William Katz says: "At this point, we do not see FXCM as a likely seller, but rather a consolidator as the industry further shakes out."
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