New York Stock Exchange–listed FXCM has completed the acquisition of Japanese FX broker Foreland Forex Co. The purchase has been made through FXCM Japan Securities Co., a subsidiary of the foreign-exchange (FX) trading and related services provider FXCM. FXCM has paid a total of about $17 million in cash and liquid assets for the acquisition, which it expects will double its size in Japan. Foreland clients will be able to get competitive spreads on major currency pairs and trade forex, oil, and gold, silver and stock indices through the FXCM Trading Station platform.
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