February 18, 2015 BY LeapRate Staff
US Retail Forex client assets hit multi-year low in December 2014 at $551 million
FXCM Inc saw a 12% drop in US retail client assets - before the events of January 15.
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February 01, 2015 BY LeapRate Staff
FXCMPro sale update - price discussions now in $70-$90M range
LeapRate Exclusive... Following on our revelation late last week that FXCM is well along with the planned sale of its institutional FX brokerage arm FXCMPro, LeapRate has learned that the amounts being discussed are now somewhat lower than we originally reported. We have learned from sources close to the situation that although FXCM Inc (NYSE:FXCM)…
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January 31, 2015 BY Maria Nikolova
Ban on credit card funding of US retail Forex accounts comes into force
As one of the most hectic months in the history of Forex draws to a close, LeapRate has decided to remind everyone that today witnesses an important change in the US regulations for funding of retail Forex and futures accounts. As of today – January 31, 2015, the ban on funding the accounts of retail…
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January 30, 2015 BY Andrew Saks-McLeod
FXCM adopts 'poison pill' shareholder rights plan
A poison pill helps prevent an unsolicited bid to buy a company, keeping the company under the control of the Board. It is NOT about raising money.
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January 30, 2015 BY LeapRate Staff
FXCM set to sell FXCMPro - LeapRate Exclusive
Jefferies 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?
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January 28, 2015 BY Andrew Saks-McLeod
FXCM to forgive 90% of clients with negative balances incurred on January 15
FXCM has today announced that it will forgive 90% of clients with negative balances which were incurred as a result of the extreme price movements caused in the markets on January 15, when the Swiss National Bank removed the 1.20 floor on the Swiss Franc
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January 23, 2015 BY LeapRate Staff
FXCM letter to clients to repay negative balances
FXCM has taken another step to erase negative client balances - merging accounts.
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January 22, 2015 BY LeapRate Staff
Do FXCM clients with negative equity balances have a right to refuse to pay?
FXCM has stated that its policy is generally not to pursue claims for negative equity against our customers.
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January 21, 2015 BY LeapRate Staff
FXCM shares rise, Class Action law firms circle the wagons
A number of law firms specializing in securities class action lawsuits are 'investigating FXCM' and searching for FXCM shareholders to hire them.
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January 21, 2015 BY LeapRate Staff
FXCM closes trading at $1.60 a share, market value now $131 million
More than 94 million FXCM shares changed hands in Tuesday trading, as investors tried to get a handle on FXCM's new value to shareholders after the Leucadia investment.
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