Exclusive: Anthony Mazzarese jumps from FXCM to Jefferies as SVP FX Prime Brokerage LeapRate

May 11, 2017 BY LeapRate Staff

Exclusive: Anthony Mazzarese jumps from FXCM to Jefferies as SVP FX Prime Brokerage

LeapRate Exclusive... LeapRate has learned that Anthony Mazzarese has made the jump from the FXCM Pro division of Global Brokerage Inc (NASDAQ:GLBR) to investment bank Jefferies LLC, joining Jefferies as SVP FX Prime Brokerage. Mr. Mazzarese rejoined FXCM in 2015 following FXCM's acquisition of CitiFX's mid-market FX margin business. He helped successfully transitioned the CitiFX margin business to FXCM post…

May 08, 2017 BY LeapRate Staff

FXCM parent Global Brokerage Inc receives Nasdaq delisting notice

Adding to its mounting problems, Global Brokerage Inc (NASDAQ:GLBR) has announced that it has received a delisting notice from stock exchange Nasdaq. Global Brokerage, formerly FXCM Inc., is the publicly-traded holding company which now owns an effective 37% interest in operating company FXCM Group LLC. The remainder (or rather, majority) of FXCM Group is owned by…

April 30, 2017 BY LeapRate Staff

Forex Industry Week Review: FX Broker gets CySEC license, XTB revenues plummet, FXCM debt to Leucadia, and lots more…

It was a week dominated by regulatory issues and financial results in Forex Industry News, with the key stories once again appearing first or exclusively at LeapRate. Our most popular guest posts this past week included: CySEC changes to Investor Compensation Fund: what does it mean for Forex brokers and traders? from MAP S.Platis General…

April 28, 2017 BY LeapRate Staff

FXCM cash investment recovered by Leucadia, still owed $123 million plus equity stake

Investment firm Leucadia National Corp (NYSE:LUK) has issued its Q1 results report, which included some interesting updates on its $300 million loan to retail forex broker FXCM. Leucadia lent the money to FXCM back in January 2015, enabling FXCM to overcome a $276 million loss it took in the form of unrecoverable negative client balances following…

April 12, 2017 BY LeapRate Staff

FXCM remains in the game with March volumes up 12% to $225 billion

One of March's most anticipated forex trading volumes reports is now in, with FXCM reporting a healthy 12% MoM rise in activity. Overall, March volumes came in at $225 billion at FXCM, versus $201 billion in February. (We'd note however that on a daily-average-volume basis, FXCM customer trading activity was actually down 3% MoM in…

April 03, 2017 BY LeapRate Staff

FXCM's great comeback: GLBR shares up 86% since March 20

Since reporting its fourth quarter and full year 2016 financial results on March 20, shares of Global Brokerage Inc (NASDAQ:GLBR) - formerly known of course as FXCM Inc - have been on a tear. After hitting an all-time low of $1.45 on March 17, GLBR shares have soared more than 86% in the following 10…

March 16, 2017 BY LeapRate Staff

FXCM (oops, Global Brokerage) shares plummet another 15% to new all time low

While the rest of the equity market was soaring in the wake of the Fed's Wednesday rate hike, shares of Global Brokerage Inc (NASDAQ:GLBR) - recently renamed from FXCM Inc - dropped another 15% to close at $1.75 per share, its lowest closing price ever. Global Brokerage Inc owns 50.1% of the operating company FXCM Group…

March 15, 2017 BY LeapRate Staff

FXCM (non-US) volumes drop 21% in February to $201 billion

Retail Forex broker FXCM has announced its volume results for February, the last month for which FXCM had both US and non-US volumes to report. FXCM sold its US client base to rival Gain Capital Holdings Inc (NYSE:GCAP) and its Forex.com retail FX unit at the end of February, after the company and CEO Drew Niv…

March 06, 2017 BY LeapRate Staff

Ticker change not helping, FXCM / GLBR shares down another 16%

The rebranding of FXCM Inc to Global Brokerage Inc (NASDAQ:GLBR), and the change of its NASDAQ ticker symbol from the eponymous FXCM to GLBR, hasn't exactly seemed to work. At least so far. Shares of FXCM / GLBR continued to fall in its first week trading under its new moniker, down 16% on the week. GLBR…

February 21, 2017 BY LeapRate Staff

Drew Niv resigns as CEO of FXCM as forex broker changes name to Global Brokerage Inc.

Not too surprising. Distancing itself from its recent troubles including being banned from its home US forex market, retail forex broker FXCM Inc (NASDAQ:FXCM) has announced some major changes including: the resignation of co-founder Drew Niv (pictured above), who has been the CEO of FXCM and its public face since the company's inception in the…

Tag: Leucadia National Corp (NYSE:LUK)