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Jefferies to sell Bache futures unit and buy forex ops

Investment bank had been exploring options for storied commodities and derivatives business

Jefferies to sell Bache futures unit and buy forex ops

Jefferies Group is trading commodities for currencies.

The investment bank unit of Leucadia National said on Thursday that it agreed to sell its Bache commodities and financial derivatives unit to Societe Generale. It separately agreed to purchase Faros Trading, a foreign exchange brokerage that was majority-owned by FXCM. Financial terms of the deals weren't disclosed.

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