FXCM has signed a memorandum of understanding with GCI Capital of Japan. As per the agreement, the U.S. forex trading provider will acquire the retail FX business of Japan’s GCI Capital. The New York-based company plans to merge the acquired business with the Japanese subsidiary of its ODL Group, adds Trading Markets. The Japanese foreign exchange provider has over 20,000 tradeable accounts and $100 million in customer equity.

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