FXCM Japan To Buy Japanese FX Broker

FXCM Japan Securities Co. will purchase Foreland Forex Co. The acquisition is subject to final documentation and is expected to be completed in the first half of October.

FXCM Japan is a subsidiary of online foreign exchange provider FXCM. Japanese FX broker Foreland had more than 18,500 tradable accounts with client equity of about $190 million as of September 1.

Click here for the release from Business Wire.