Retail forex broker FXCM Inc (NYSE:FXCM) continues to report some of the highest FX trading volumes in the industry month by month, with May 2016 coming in at $280 billion. After narrowly avoiding bankruptcy early last year in the immediate aftermath of the January 15, 2015 surprise Swiss Franc spike by securing (over the course of…
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 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 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…
Read moreHalifax New Zealand clients will get access the FXCM Trading Station or FXCM MT4 trading platforms and services.
Read moreLeapRate Exclusive Interview.... It would be an understatement to say that the past 14 months have been topsy turvy for the people who run FXCM Inc (NYSE:FXCM), one of the world's leading retail forex brokers. After narrowly avoiding bankruptcy in the Swiss Franc spike of January 15, 2015 which left FXCM with more than $275 million…
Read moreLots of news out of FXCM Inc (NYSE:FXCM) last night. As reported at LeapRate, after US markets closed Thursday at 21:00 GMT, FXCM released its: February FX trading volumes (not bad, all-important retail volumes remain above $300 billion), Q4 and full year financial results (again not bad, Q4 revenues were actually up a bit over…
Read moreIt was a fairly good week for shares of retail forex brokers. (At least for some of them). Hottest of the group was FXCM Inc (NYSE:FXCM), which saw speculation heat up again regarding its ability to seal a deal with Leucadia National Corp (NYSE:LUK) and renegotiate terms of its $300 million loan from Leucadia. FXCM shares…
Read moreInvestment holding group Leucadia National Corp (NYSE:LUK) has recently been quite vocal when it comes to FXCM Inc (NYSE:FXCM), to which it extended a $300 million loan following the sharp Swiss franc spike on January 15, 2015. In its annual report for 2015, Leucadia confirmed it was in discussions with the Forex broker over restructuring the…
Read more