History of Forex Capital Market

November 2005, Forex Capital Markets (FXCM) became entrenched in the bankruptcy proceedings of Refco, Inc (OTC:RFXCQ). Refco, a big commodities brokerage that collapsed amid an accounting scandal, has been largely purchased by Man Group. At the time Refco owned a 35% share in FXCM. FXCM is currently backing a client-led lawsuit against Refco.Forex Capital Markets, LLC (FXCM) the global forex broker, announced that an agreement had been reached with Refco and its affiliates to sell at auction an outstanding non-voting minority interest in the company.