No, it's true. Citi was a liquidity provider to FXCM's failed no-dealing desk model.
Likely the one FXCM was unable to retain post-SNB.
Because you do realize they were unable to retain a certain, anonymous prime broker?
And Citi used to host FXCM at some company events, for which FXCM was quite grateful.
William Katz has been the preeminent FXCM analyst for some time, and has been quite positive on them in the past...
Citi is a huge corporation. The right hand will not know what the left hand does in a place like that, this is not your momma's piggy bank.
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