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Shares of FXCM (FXCM -1.2%) surged yesterday after the newly public forex broker was cited as...

Shares 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."
Comments (1)
  • FXCM surged because it was recommended by Steve Eisman of Frontpoint Partners at Grant's Spring Conference in NYC yesterday.
    30 Mar 2011, 03:03 PM Reply Like
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