Forex Magnates has just learned from sources close to the matter, that in a surprise, brazen move, FXCM – just out of its own trouble, has emerged as a potential savior for Alpari UK. FXCM itself went into the red this Friday with $225 million in client losses due to CHF exposure and had to turn to an outside firm to raise funds. It now seems the American firm asked for the $300 million Leucadia National bailout so it can not only recover but also expand. This move can be seen as a brilliant play by Drew Niv, showing both traders and investors his firm is not only still in business but intends to use this time to ... (full story)