NEW YORK Citigroup said on Friday it is selling its margin foreign exchange business, including the CitiFX Pro and TradeStream platforms to U.

The sale is expected to be completed in the second quarter," the bank said in a short statement released to Reuters. FXCM filed an 8K form with the U. Securities and Exchange Commission that the company would "assume the vast majority of margin forex accounts of CitiFX Pro from Citibank N.

In the filing, FXCM said that after the close of trading on Friday, June 26, "accepted CitiFX Pro" accounts will be transferred. In April, Reuters reported according to a source that Citi was looking to offload its retail foreign exchange brokerage in an effort to streamline its operations.

FRANKFURT Buyout groups Bain Capital and Cinven have been offered just over 41 percent of the shares in German drugmaker Stada , 26 points short of the required minimum, the private equity groups said on Wednesday, one day before the offer period expires.

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Citigroup selling retail online FX trading platform to FXCM, Saxo Bank | Reuters

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Pictures Home The Wider Image Photographers Focus Citigroup selling retail online FX trading platform to FXCM, Saxo Bank. Deals Fri May 22, 1: A Citigroup office is seen at Canary Wharf in London, Britain May 19, By Daniel Bases NEW YORK.

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