Shares of retail forex broker FXCM Inc (NYSE:FXCM) continue to head south, following Q1 financial results which apparently both confused and disappointed investors. Interestingly, leading up to FXCM's Q1 results announcement last Friday FXCM shares traded up nicely - up 18% on Friday. But that optimism dissipated quickly once investors had the weekend to contemplate…
Read moreDuring the conference call on the results for Q1 2015, Drew Niv said Leucadia loan should be fully repaid by this year's end.
Read moreAnother big winner from the Leucadia-FXCM deal was investment bank Jefferies, booking a $21 million advisory fee.
Read moreAre FXCM's shares a potential bargain at below $2? Or are traders convinced there's little upside, even if things go operationally well for FXCM?
Read moreFXCM unloads part of its institutional capabilities to 'cousin company' Jefferies LLC. Jefferies is owned by Leucadia, which bailed out FXCM in January.
Read moreFXCM has indicated it will rationalize some assets, including the planned sale of its institutional business FXCMPro and its Japan and Hong Kong subsidiaries.
Read moreThe change in the effective capital structure at FXCM Inc (NYSE:FXCM) following the $300 million lifeline it received last month from Leucadia National Corp (NYSE:LUK) has left the investment community somewhat unsure as to how to value FXCM going forward. That, as well as how the events of January 15 have affected FXCM's business prospects. Immediately…
Read moreJefferies LLC, which also advised on the sale of Hotspot FX earlier this week, is running the sale of FXCMPro, as FXCM looks to shed non-core assets. So how much is FXCMPro worth?
Read moreFXCM has taken another step to erase negative client balances - merging accounts.
Read moreFXCM has stated that its policy is generally not to pursue claims for negative equity against our customers.
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