FX Alliance (FX) IPO Trades Higher

February 9, 2012 9:55 AM EST
The IPO for FX Alliance (NYSE: FX) is open. Shares are trading at $13.73 after pricing 5,200,000 shares at $12, which was below the expected $13.50 and $15.50 range.

The offering was led by BofA Merrill Lynch and Goldman Sachs.

FX Alliance is leading independent global provider of electronic foreign exchange trading solutions, with over 1,000 institutional clients worldwide.


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