Exclusive: FXCM rebrands, adds ‘Leucadia’ into its logo LeapRate

February 21, 2018 BY LeapRate Staff

Exclusive: FXCM rebrands, adds 'Leucadia' into its logo

LeapRate Exclusive... If anyone had any doubt as to who was in charge and calling the shots at Retail FX broker FXCM Group, after FXCM had distanced itself from one-time controlling shareholder Global Brokerage Inc (OTCMKTS:GLBR), well those questions should be clearly answered now. As we have written and explained several times ever since Leucadia National Corp (NYSE:LUK)…

February 09, 2018 BY LeapRate Staff

Global Brokerage successfully exits bankruptcy, convertible notes replaced

FX brokerage holding company Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has announced that it has successfully completed its prepackaged plan of reorganization, and has emerged from Chapter 11 bankruptcy. The effective date of its prepackaged Chapter 11 Plan of Reorganization of was confirmed by Bankruptcy Judge Michael E. Wiles on January 22, 2018,…

February 07, 2018 BY LeapRate Staff

FXCM has best month in a year, January 2018 FX volumes at $250 billion

Continuing the spate of strong volume results shown by leading retail and institutional FX trading venues and brokers to start off the year, FXCM Group has reported its best client trading metrics since last January, with FX trading volumes coming in at $250 billion. FXCM's best month of 2017 was also January, at $253 billion,…

January 17, 2018 BY LeapRate Staff

Exclusive: Leucadia to take $500 million Q4 charge due to new US Tax Act

LeapRate Exclusive... LeapRate has learned via regulatory filings that Leucadia National Corp. (NYSE:LUK) is planning a take a charge to earnings in the neighborhood of $450-500 million when it reports its fourth quarter 2017 results. The culprit? The newly-passed US Tax Cuts and Jobs Act. On December 22, 2017, the Tax Cuts and Jobs Act was…

December 19, 2017 BY Valentina Kirilova

FXCM Group supports ESMA’s proposed 30x Forex and CFD leverage cap

Retail forex broker FXCM Group has also released a statement in support of yesterday's announcements by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) relating to additional customer protections. Further, FXCM hopes this leads to harmonized regulations across Europe. FXCM has long been in full compliance with most of the proposed…

December 12, 2017 BY LeapRate Staff

Global Brokerage gets approval for Chapter 11 restructuring and delisting, shares plunge

Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that 78.5% of the holders of its $172 million of outstanding Convertible Notes voted to approve the company's reorganization plan. The plan will see GLBR enter Chapter 11 bankruptcy reorganization, with the convertible notes "converted" to become non-convertible, their interest rate hiked from 2.25% to 7%,…

December 04, 2017 BY Valentina Kirilova

FXCM Group launches new HTML5 Web Platform

Retail forex broker FXCM Group announced today the launch of the next generation HTML5 platform, Trading Station Web 2.0. FXCM’s flagship proprietary platform, Trading Station Desktop, has built a reputation in the industry as being one of the most robust trading platforms with a great charting package and superior execution. The new HTML5 web platform…

November 27, 2017 BY LeapRate Staff

Global Brokerage shares hit another low in wake of Chapter 11 filing, at 41 cents

Shares of Global Brokerage Inc (NASDAQ:GLBR) continued their slide into oblivion late last week, with GLBR down another 30% on Friday after US trading continued following the one day Thanksgiving break. After initially barely reacting following the announced plans of the company two weeks ago to reorganize under Chapter 11, Global Brokerage – which owns 50% of…

November 15, 2017 BY LeapRate Staff

Exclusive: Brendan Callan and Jimmy Hallac speak about GLBR Chapter 11 filing and FXCM

LeapRate Exclusive Interview... We often begin interviews with leading FX industry figures with a lengthy "setting the stage" intro. But not here. Following this weekend's news of the Chapter 11 reorganization filing by Global Brokerage Inc (NASDAQ:GLBR), we're just as curious as our readers to hear directly the people leading FXCM Group, in which GLBR owns…

Tag: FXCM Group