The CFTC Order requires FXCM to pay a civil monetary penalty of $700,000; disgorge commissions and fees of $143,922.50 it earned from fraudulent FX investment pool...
Read more"The execution of this reverse split represents an important step in achieving several significant corporate objectives, including FXCM's continued listing on the New York Stock Exchange," said Drew Niv, Chief Executive Officer and Chairman of the Board.
Read moreFXCM's retail volumes hit $375 billion in March, institutional volumes $248 billion. Great numbers, but still well below FXCM's pre-SNB crisis figures.
Read moreFXCM Japan Securities Co., Ltd, which on April 1, 2015, officially shifted from US retail Forex giant FXCM Inc (NYSE:FXCM) to new owner Rakuten Securities, the brokerage subsidiary of Japanese Internet conglomerate Rakuten Inc (TYO:4755), today announced some changes to its trading instruments offering. The list of currency pairs available for trading is set to…
Read moreAs one of the most hectic months in the history of Forex draws to a close, LeapRate has decided to remind everyone that today witnesses an important change in the US regulations for funding of retail Forex and futures accounts. As of today – January 31, 2015, the ban on funding the accounts of retail…
Read moreLeucadia National Corp. (NYSE:LUK), the New York-based financial conglomerate, will provide $300m in financing to FXCM Inc (NYSE:FXCM), the retail FX giant, allowing it to stay afloat and keep operations. The investment is done in the form of a $300 million senior secured term loan with a two-year maturity and an initial coupon of 10%.…
Read moreAccording to a report by Bloomberg, quoting people with knowledge of the matter, Jefferies Group has entered discussions with FXCM Inc. (NYSE:FXCM) to provide the retail FX broker with $200 million in cash assistance. As LeapRate reported earlier, the US retail FX giant has suffered a $225 million hit due to the adverse trading of…
Read moreA quick note from the New York Stock Exchange where US retail FX giant FXCM (NYSE:FXCM) is listed. Trading in shares of the company was halted about an hour ago pending a news announcement. Shares in the FX broker were down as much as 88% after the press release stating the $225 million hit the…
Read moreIPOs, industry consolidation and major website makeovers highlight our list of how the industry will continue to evolve in the new year.
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