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Re: Condor65 post# 16774

Tuesday, 05/26/2015 10:58:10 AM

Tuesday, May 26, 2015 10:58:10 AM

Post# of 18419
FXCM Newco was formed to hold the non core collateral assets of FXCM holdings. All assets up for liquidation were put into FXCM newco.

The CitiFX acquisition is acquired by FXCM holdings. It can not be liquidated in the event of default. However, with FXCM increasing revenues, and selling non core assets, default is not even an issue.

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