FXCM already has a strong balance sheet with over $400 million in cash. Leading forex broker FXCM (NYSE:FXCM) announced today that it has extended its $155 million credit facility by $50 million to $205 million -- and under certain circumstances it can be further extended to $250 million. The maturity of the facility was extended…
Read more$5 million cash paid up front, a further $10.6 million to be paid in 2015 in cash and/or FXCM stock. So what is top-end Forex research worth? A lot, it turns out. LeapRate has learned that FXCM's previously-announced acquisition of Faros Trading cost FXCM $15.6 million -- and that's just for 50.1% of Faros. FXCM (NYSE:FXCM)…
Read moreFaros clients are mainly hedge funds, institutional money managers, corporations, and family offices. Just a few days after acquiring Alpari US's retail assets, global forex leader FXCM has made an acquisition on the institutional side of its business, buying Faros Trading. Faros is a leader in FX intelligence, market coverage, and execution services to the institutional foreign…
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