Jefferies Financial Group has provided details on its acquisition of Stratos formerly known as FXCM.
During the fourth quarter of 2023, Jefferies acquired Stratos Group International (formerly FXCM Group, LLC, or “FXCM”).
Jefferies has historically held a 49.9% voting interest in Stratos. In March 2023, certain noteholders of Global Brokerage Inc. (“GLBR”) filed an involuntary bankruptcy petition against GLBR and its subsidiary, Global Brokerage Holdings LLC (“Holdings”), which holds a 50.1% voting equity interest in Stratos.
On September 14, 2023, Jefferies completed a foreclosure on the collateral that…
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