Shares of FXCM Inc FXCM were trading higher by more than 4 percent Thursday morning after William Blair & Company disclosed it has taken a stake in the firm.
According to a Schedule 13G filing, which was released on Wednesday, William Blair acquired just over 5.5 million shares of FXCM, representing an 11.69 percent stake in the firm.
Shares of FXCM recently traded at $2.34, up 2.6 percent.
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