Investment holding group Leucadia National Corp (NYSE:LUK) has recently been quite vocal when it comes to FXCM Inc (NYSE:FXCM), to which it extended a $300 million loan following the sharp Swiss franc spike on January 15, 2015. In its annual report for 2015, Leucadia confirmed it was in discussions with the Forex broker over restructuring the…
Read moreInvestment holding company Leucadia National Corp (NYSE:LUK) has confirmed in its annual 10-K filing that it is holding negotiations with retail forex broker FXCM Inc (NYSE:FXCM) to restructure some of the terms of its $300 million loan made to FXCM last January. The loan, negotiated in very short order over the weekend of January 17-18, 2015 following…
Read moreLeucadia National Corp. (NYSE:LUK), which provided FXCM Inc (NYSE:FXCM) with a $300 million loan in January 2015, following the “Black Thursday” events associated with the Swiss franc spike, on Friday published its report for the year to December 31, 2015. The report provides details on the status of the loan repayment, as well as on how…
Read moreRenewed speculation on negotiations between FXCM and Leucadia to restructure the 'Leucadia loan' is heating up.
Read moreFXCM Asia, formerly a part of FXCM Inc (NYSE:FXCM) and currently a wholly owned subsidiary of Rakuten Securities, has issued an Important Notice to its clients. The Hong Kong-based Forex broker notes recent market swings and asks its clients to pay attention to margin levels in order to make sure that they have sufficient funds to…
Read moreDespite all its woes over the past year, retail forex broker FXCM Inc (NYSE:FXCM) continues to produce healthy operational results. January 2016 retail forex volumes at FXCM came in at $331 billion, 2% above December, although 13% lower than last January. LeapRate readers will recall than FXCM's problems began last January following the Swiss Franc spike, creating…
Read moreOnline trading services provider FXCM Inc (NYSE:FXCM) today published the key findings of a study of the execution of its retail clients' orders. The main purpose of the study was to compare quality of execution for FXCM Retail Client orders versus the Futures market and the Interbank market for FX. The study covers the period…
Read moreRetail forex broker FXCM Inc (NYSE:FXCM) has made some changes to its board of directors. Stepping down from the FXCM BoD is independent director Perry Fish. Mr. Fish’s resignation was said to be for personal reasons, and not as a result of any disagreements between him and the company. Taking Mr. Fish's spot on the FXCM…
Read moreInstitutional electronic FX platform FastMatch, jointly owned by retail forex broker FXCM Inc (NYSE:FXCM) and commercial banks Credit Suisse and BNY Mellon, saw trading volumes on its electronic currency platform leap by 25% during January 2016 to hit $11.8 billion ADV during the month. January 2016 marked an important milestone for FastMatch. It was the first month…
Read moreFXCM Inc (NYSE:FXCM), an online provider of Forex trading and related services, today announces the integration of its CFD pricing into the technology of FlexTrade Systems Inc., a provider of high performance execution management and order management systems. FXCM through FXCM Pro concentrates on its wholesale business, which services brokers, funds, and emerging market banks.…
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