ODL Securities to expand into FX

Its FX service will cover the major currencies and their crosses, as well as spot gold and silver, said the spokesperson, and will be based on trading software from UK-based vendor Ariel Communications.

New hires Graham Wellesley, who joined as executive chairman of ODL, and Lorenzo Naldini, who was appointed as director of trading, injected about
£5 million into the firm. Both are former directors of financial trading and spread betting firm IFX Group in London.

Dealers Alex MacKinnon and

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