FMR LLC sells further shares in FXCM, takes stake down to 1.4%

Fidelity Management and Research LLC (FMR LLC), a division of American multinational financial services corporation Fidelity Investments, has relinquished further shares in FXCM Inc (NYSE:FXCM), as reported by a filing with the US Securities and Exchange Commission.

This transaction, which was recorded on February 9 according to the SEC filing, signifies a reduction in the stake held by FMR LLC to 673,450 units of class A common stock, which equates to 1.427%,

FMR LLC had been one of the major shareholders of FXCM, the company having owned 3,373,812 shares in FXCM as of September 30, 2014, representing 7.15% of the company’s stock.

FMR LLC has made reductions in its stake during the course of the last year, a notable transaction having been in February 2014 when the company reduced its stake from 14.223% by selling 6,187,877 shares in the company.

For the official SEC filing, click here.

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FMR LLC sells further shares in FXCM, takes stake down to 1.4%


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