- Like
- Digg
- Del
- Tumblr
- VKontakte
- Flattr
- Buffer
- Love This
- Odnoklassniki
- Meneame
- Blogger
- Amazon
- Yahoo Mail
- Gmail
- AOL
- Newsvine
- HackerNews
- Evernote
- MySpace
- Mail.ru
- Viadeo
- Line
- Comments
- Yummly
- SMS
- Viber
- Telegram
- Newsletter signup
- Skype
- Facebook Messenger
- Kakao
- LiveJournal
- Yammer
- Edgar
- Fintel
- Mix
- Instapaper
- Copy Link
LeapRate Exclusive… LeapRate has learned that the May acquisition by FXCM (NYSE:FXCM) of FXDD’s US client assets was done for cash consideration of $4.4 million.
It turns out that the assets acquired were a little less than previously advertised – FXCM ended up getting $23.4 million in client equity spread among 6,172 active accounts. FXCM’s earlier release on the FXDD acquisition stated they would be getting $27 million in client equity and 7,000 accounts.
Doing some quick back-of-the-envelope calculations, that means that FXCM paid:
- $712 per active account
- 19 cents per dollar of client equity
The amounts outlined were not formally announced by FXCM, but were included in FXCM’s quarterly 10-Q filing with the US Securities and Exchange Commission.
FXDD was the latest retail forex broker to abandon the heavily-regulated US market, following in the footsteps of Alpari US (also sold to FXCM) and FX Solutions (sold to Gain Capital).