January 23, 2015 BY LeapRate Staff
FXCM letter to clients to repay negative balances
FXCM has taken another step to erase negative client balances - merging accounts.
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January 22, 2015 BY LeapRate Staff
Do FXCM clients with negative equity balances have a right to refuse to pay?
FXCM has stated that its policy is generally not to pursue claims for negative equity against our customers.
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January 21, 2015 BY LeapRate Staff
FXCM shares rise, Class Action law firms circle the wagons
A number of law firms specializing in securities class action lawsuits are 'investigating FXCM' and searching for FXCM shareholders to hire them.
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January 21, 2015 BY Andrew Saks-McLeod
FXCM increases margin requirement on FX instruments, foreseeing uncertainty in currency markets throughout the year
FXCM believes, at this time, there is a high level of uncertainty in the currency markets that could destabilize markets throughout 2015, therefore has increased margin requirements globally on FX instruments, as well as gold in overseas jurisdictions
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January 21, 2015 BY LeapRate Staff
FXCM closes trading at $1.60 a share, market value now $131 million
More than 94 million FXCM shares changed hands in Tuesday trading, as investors tried to get a handle on FXCM's new value to shareholders after the Leucadia investment.
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January 20, 2015 BY LeapRate Staff
FXCM shares trading below $1.50 in the premarket heading toward the open
Quick update on FXCM Inc (NYSE:FXCM) as we head toward the US stock market open in just a few minutes. FXCM shares have been trading fairly actively in the premarket this morning US time. Early indications were that FXCM would open in the $2.50-$3.00 range. However FXCM's share price has continued to slide as we head…
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January 20, 2015 BY LeapRate Staff
Certain Forex brokers going after traders to repay 'negative client balances' - LeapRate Exclusive
LeapRate Exclusive... LeapRate has learned that some retail forex brokers are now going about the (very difficult) process of trying to get their clients to repay negative client balances. A lot of retail forex traders (which were short the Swiss Franc) lost on paper more than their money on deposit. A lot more. For example, a…
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January 20, 2015 BY LeapRate Staff
Where will FXCM shares trade today?
Pre-market indications are that FXCM will start off at somewhere in the $2.50-3.00 per share range.
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January 20, 2015 BY LeapRate Staff
FXCM-Leucadia deal details - rising interest, forced sale after 3 years
The investment structure is somewhat complicated, but essentially Leucadia will get about half of the sale proceeds (or more) of FXCM beyond the $300 million it lent the company. And it can force a sale after three years.
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January 18, 2015 BY LeapRate Staff
Alpari UK denies acquisition by FXCM, talks continuing - LeapRate Exclusive
Talks still ongoing for a capital injection or takeover at Alpari UK, likely to be concluded tonight. FXCM: We are definitely not buying Alpari.
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