FXCM Opens New Office In Australia

FXCM Holdings LLC announced the opening of its newest office in Sydney, Australia.

As FXCM Australia Ltd., the new office will provide clients in the Oceanic regions access to the regulatory protection of the Australian Securities & Investments Commission (ASIC) (AFSL# 309763 ARBN # 121 934 432) and the convenience of local sales and customer support.

FXCM Australia will strive to be Australia’s premier forex provider. With access to some of the world’s largest banks, and as a “No Dealing Desk” or agency execution forex firm, they offer Australian clients no re-quotes from dealers, and tight spreads from one-point.

FXCM believes that Australia will act as headquarters for the company’s expansion into the South Pacific region. As it expands its local reach and global footprint into the Pacific, the company will be moving key personnel from FXCM’s New York headquarters to Sydney to build business and hire staff locally to provide clients with quick deposit, withdrawal, and support services.

FXCM Australia Ltd currently provides a full forex package of currency trading products, services, and education, and is developing a CFD product for launch in 2009.

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