Jefferies Expands Foreign Exchange Brokerage Capabilities with Acquisition of Faros Trading from FXCM

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NEW YORK--(BUSINESS WIRE)--Jefferies Group LLC announced today that it is expanding further in foreign exchange brokerage with the acquisition of Faros Trading, LLC, the institutional foreign exchange brokerage subsidiary of FXCM Inc. Ray Kamrath, Faros’ Chief Executive Officer, will serve as Jefferies’ Global Head of Foreign Exchange. Jefferies’ existing foreign exchange business and Faros will operate as a single team. Fred Orlan, Global Head of Fixed Income at Jefferies, stated: “We are very

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