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Screenshot of a breaking news alert e-mail from Q2 2017
FXCM Japan, the former subsidiary of US-based retail FX giant FXCM Inc (NYSE:FXCM), which in April this year officially became a part of Rakuten Securities, earlier today updated its clients and partners on the integration of services of the two businesses.
The latest step in this integration is a new logo, which incorporates the brand logos of FXCM Japan and Rakuten Securities, the brokerage arm of Rakuten Inc (TYO:4755). The new logo will be in use starting from today.
The new logo is presented amid a wider reshuffle of services at FXCM Japan, which is about to terminate the offering of social trading platform Mirror Trader. At the same time, users of Metatrader 4 and Trading Station will be able to keep trading without any problems.
Under the agreement reached between FXCM Japan and Rakuten Securities on May 8, 2015, the services integration will be completed on August 1, 2015.
FXCM Inc sold its Japanese operations to Rakuten Securities for $62 million, in an effort to raise funds to repay as fast as possible the loan from Leucadia National Corp. (NYSE:LUK), which was extended to the US broker to help it tackle the consequences of the Swiss franc turmoil. Rakuten is also acquiring another of FXCM’s subsidiaries – FXCM Hong Kong.
To view the official announcement from FXCM Japan on the logo change, click here.