Wednesday, January 14, 2009

ODL shaken out of US market, following ACM lead

Dear Introducing Broker:

After a recent strategic business review at our parent company (ODL Group Limited), a decision was made to no longer accept and/or service customers from the USA at this time.  As a result, we are ending our introducing broker relationships and have made arrangements to transfer client accounts to Forex Capital Markets, LLC ("FXCM") or return funds to the account owner(s) as desired by the client. 

If clients wish to redeem funds and Opt Out of the transfer to FXCM they will need to notify us at usforex@odls.com and complete and return the attached Request for Redemption Form.   For your reference, attached is the client notification that will soon be sent as well as the Request for Redemption Form.

Thank you again for your business with ODL Securities, Inc. and we wish you and your clients the very best.

Sincerely,

ODL Securities, Inc.