"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 Inc. (NYSE:FXCM) today announced certain key operating metrics for May 2015 for its retail and institutional Forex trading business. The retail segment bounced back in May, while institutional volumes continue to deteriorate from their positive trend which peaked in October 2014 as the company has now been forced to sell "non-core" assets in their bailout deal…
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 moreBrokers, traders and regulators are each reexamining the dangers of excessive leverage as the forex industry continues to consolidate and adapt to a new environment.
Read moreOANDA ups its US capital levels by about $40 million after seeing a similar capital drop in January following the events of the Swiss Franc spike.
Read moreFXCM Inc (NYSE:FXCM), a giant in the retail Forex industry, announced today that Rakuten Securities, Inc., a subsidiary of Rakuten Inc (TYO:4755), will acquire its Japanese operations in a deal worth approximately $62 million. The definitive agreement has been reached amid FXCM Holdings, LLC and FXCM Newco, LLC (“FXCM”) and Rakuten. The deal will see…
Read moreTwo of the leading equity research analysts covering FXCM at Keefe Bruyette & Woods and Citigroup cite a share value of $0.50 to $2.79 for FXCM.
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…
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