Jefferies Updates Plans for Continued Expansion of Foreign Exchange Brokerage Business

Jefferies Group LLC announced today that it is continuing to implement plans for expansion of its foreign exchange business as the Faros Trading business it acquired from FXCM in April has now been fully integrated with Jefferies FX business.

Ray Kamrath, Global Head of FX at Jefferies, stated: “Jefferies Foreign Exchange offers clients the highest quality trade execution, macroeconomic analysis and timely strategy on data and events that drive FX markets. Clients are able to trade spot, forwards, swaps, NDF’s and options through traditional voice methods with experienced traders, as well through flexible e-commerce solutions. Over twenty-five professionals deliver value to clients through our FX centers in New York, London and Singapore. Following the acquisition of Faros Trading in April, we will continue to enhance our capabilities. We are executing a plan that will position Jefferies as an important partner to our clients in FX."

Jefferies, the global investment banking firm focused on serving clients for over 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments. The firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income and foreign exchange, as well as wealth management, in the Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Leucadia National Corporation (NYSE:LUK), a diversified holding company.

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JefferiesRichard Khaleel, [e-mail]