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Forex Capital Markets LLC Responds to Cancellation of Auction for RefcoFX Associates LLC Unit.

Publication: PR Newswire
Publication Date: 16-FEB-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, Feb. 16 /PRNewswire-FirstCall/ -- The following communication was sent by FXCM to RefcoFX clients this morning:

"The auction process is now over. FXCM submitted the highest bid and won the auction. Unfortunately, the creditors of Refco are now objecting to the deal indicating their belief that the approximately $110 million purchase price is not enough money.

FXCM is committed...

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