It has been quite a journey for FXCM Inc (NYSE:FXCM)... And users of the Trading Station mobile application have been aware of the reasons for the broker not updating its mobile apps since January 2015. It was in late January last year, that the company released an update to Trading Station Mobile and after that…
Read moreMultibank FX aggregation service FXSpotStream might have surprised some folks today when they - for the first time - announced the FX trading volumes supported on their system, as well as the size of those volumes. First off, the data. FXSpotStream reported that April volumes on its system averaged $18 billion (single count) daily, 2%…
Read moreSome of the most popular, shared and commented-on Forex industry news posts this past week on LeapRate included: Nidal Abdelhadi resigns as CEO of Fortress Prime. LeapRate Exclusive… LeapRate has learned that Nidal Abdelhadi has decided to resign his position as Senior Executive Manager (essentially, the CEO) of Dubai-based Fortress Prime, just two months after making the…
Read moreSome of the most popular, shared and commented-on Forex industry news posts this past week on LeapRate included: Nidal Abdelhadi resigns as CEO of Fortress Prime. LeapRate Exclusive… LeapRate has learned that Nidal Abdelhadi has decided to resign his position as Senior Executive Manager (essentially, the CEO) of Dubai-based Fortress Prime, just two months after making the…
Read moreRetail forex broker FXCM Inc (NYSE:FXCM) has reported its Q1 financials, with relatively healthy Revenues of $71.5 million (up 9% QoQ) and EBITDA of $10.3 million. However the interest on the loan from Leucadia made last January, carrying fairly high punitive rates of interest in the high teens, is weighing heavily on FXCM's bottom line results.…
Read moreRetail FX broker FXCM Inc (NYSE:FXCM) has just posted its key operating metrics for April 2016, with institutional trading volumes down from March 2016, when they saw a steep increase, whereas the monthly reading for retail volumes was barely changed month on month but the average daily volume was higher than in the preceding month.…
Read moreLeucadia National Corp. (NYSE:LUK), which extended a $300 million loan to FXCM Inc (NYSE:FXCM) in January 2015, following the “Black Thursday” events associated with the Swiss franc spike, has posted its report for the first quarter of 2016, with the document providing an update on the status of the loan repayment and Leucadia's investment in the…
Read moreLeapRate Exclusive... LeapRate has learned that institutional electronic FX platform FastMatch has continued to change up and grow its FX sales team, with the addition of Soren Klausen as Director of Sales - Europe. Klausen be based in London, and will report directly to Paul Ainsworth, Global Head of Sales. Klausen joins FastMatch after spending the last…
Read moreFXCM Inc (NYSE:FXCM) continues the rebuilding of its FX trading franchise. The provider of FX trading and related services today announced the relaunch of FXCMPro.com, its institutional prime brokerage arm. LeapRate had exclusively reported last year that FXCM was looking for a buyer for FXCMPro, as it was looking generally to sell assets to pay…
Read moreFXCM Inc (NYSE:FXCM) seems to be doing what it can to keep its senior executives in the fold, and well incentivized. We reported last month that FXCM's renegotiated agreement with Leucadia National Corp (NYSE:LUK) was focused mainly on carving out a significant portion of the equity upside for FXCM management, at the expense of shareholders. That…
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