FastMatch has second best ever month in September as FX volumes hit $13.7 billion ADV LeapRate

October 03, 2016 BY LeapRate Staff

FastMatch has second best ever month in September as FX volumes hit $13.7 billion ADV

Beginning what we believe will be a series of fairly strong September trading volume reports by both retail and institutional Forex platforms, Forex ECN FastMatch is reporting that volumes in its system rose by 33% MoM from August, to average $13.7 billion ADV for the month. September was FastMatch's second best month ever for FX trading volumes, second only…

September 30, 2016 BY LeapRate Staff

IG Group buys Forex research site DailyFX from FXCM Inc for $40 million

Well it looks as if FXCM still does have some salable assets. Continuing its parade of asset sales in order to repay its high-interest loan from Leucadia National Corp (NYSE:LUK), retail forex broker FXCM Inc (NASDAQ:FXCM) has sold its very popular research, education and market news website DailyFX to UK online trading giant IG Group Holdings plc…

September 13, 2016 BY LeapRate Staff

FXCM moving its shares from NYSE to NASDAQ

Retail forex broker FXCM Inc (NYSE:FXCM) has announced that it is transferring its stock exchange listing to The NASDAQ Global Market. Since going public in 2010, FXCM shares have traded on the 'big board' New York Stock Exchange (NYSE). FXCM rival Gain Capital Holdings Inc (NYSE:GCAP) also trades on the NYSE. The last day of trading on the…

September 04, 2016 BY LeapRate Staff

Forex Industry Week Review: Playtech exits Binary Options, FXCM-Leucadia deal redone, Russia FX licenses, and lots more…

In a week in which Forex Industry News at LeapRate was dominated by extremely weak August FX volume reports, we were pleased to bring our readers a number of exclusive stories about Playtech PLC (LON:PTEC) and its plans for its binary options unit, the shutdown of brokers SkyFX and Capital Option, the new structure of…

September 01, 2016 BY LeapRate Staff

Leucadia takes a direct interest in FXCM Inc operating units as loan deal reworked

Retail forex broker FXCM Inc (NYSE:FXCM) and investment company Leucadia National Corp (NYSE:LUK) have announced a renegotiation of their loan and 'letter' agreements, which will see Leucadia take a direct 49.9% interest in FXCM's operating companies. FXCM will retain the other 50.1%. The other major changes to the original deal (which was renegotiated once already, to…

August 19, 2016 BY LeapRate Staff

FXCM statement: CFTC action 'unfortunate and disappointing'

As we said they would, retail forex broker FXCM Inc (NYSE:FXCM) has issued a formal statement in reply to yesterday's news that the CFTC was now charging FXCM with undercapitalization related to the 2015 Swiss Franc spike - more than a year and a half after the event, and after the issue had been rectified. And, as…

August 19, 2016 BY LeapRate Staff

CFTC charges FXCM with undercapitalization related to the 2015 Swiss Franc spike - but why now?

In a very bizarre filing, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action today against the Forex Capital Markets LLC unit of Retail Forex broker FXCM Inc (NYSE:FXCM), charging FXCM with undercapitalization, failure to timely report its undercapitalization violation, and guaranteeing against customer losses. What's bizarre about the CFTC filing? The filing…

August 04, 2016 BY LeapRate Staff

FXCM Revenues down 1% in Q2, still owes Leucadia $192.5 million

The quarterly financial reports of retail forex broker FXCM Inc (NYSE:FXCM) have been increasingly difficult to decipher. On paper, FXCM just reported a $60.5 million net profit for Q2 on revenues of $70.6 million. Which looks great. However a number of accounting charges mask what is really going on. The highlights from our standpoint are: Revenues…

July 13, 2016 BY LeapRate Staff

FXCM files shelf prospectus indicating plans for $125 million capital raise

Forex broker FXCM Inc (NYSE:FXCM) has filed a shelf prospectus with the U.S. Securities and Exchange Commission (SEC), indicating that the company is planning to raise in the neighborhood of $125 million in the near future. According to the prospectus, the capital raise could be in the form of equity, debt, or some combination thereof.…

June 24, 2016 BY LeapRate Staff

FXCM reports that systems and operations functioned without any material adversity during Brexit

Retail forex broker FXCM Inc (NYSE:FXCM) issued a note today that it was business as usual during the post Brexit vote market volatility today, although it plans to keep margin requirements high until markets settle down. Assuming that's it for FXCM, the company got through today's price shocks in the currency markets in a much more…

Tag: Leucadia National Corp (NYSE:LUK)