Refco Set To Enter Retail FX Market


NEW YORK -- Financial services organisation Refco Group is moving into the largely untapped retail FX market, with the creation of a new company aimed at individual traders and smaller FX players.

The company, called Refco F/X Associates, will enable smaller corporates and businesses, asset managers and individuals to trade FX products previously only available to institutional clients, says newly-appointed president and chief executive Gary Weiss. The company will start trading online for r