Tag: Global Brokerage Inc (NASDAQ:GLBR)

GLBR Chapter 11 bankruptcy approved
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%,…

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FXCM FX trading volumes
December 07, 2017 BY LeapRate Staff

FXCM FX trading volumes up 14% in November 2017 to $218 billion

After seeing a fairly slow start to the fall trading season, retail forex broker FXCM has posted fairly strong FX trading volume metrics for November. FXCM volumes were $218 billion in November, up 14% from $192 billion in October. Average customer trading volume per day of $9.9 billion in November was also 14% higher than…

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drew niv fxcm
December 05, 2017 BY LeapRate Staff

FXCM co-founders Drew Niv and David Sakhai continue selling their Global Brokerage Inc shares

Regulatory filings made with US securities authorities indicate that two co-founders and original senior members of FXCM’s management team – Drew Niv (pictured above) and David Sakhai – have continued selling their remaining shares of Global Brokerage Inc (NASDAQ:GLBR), after recently converting their special “units” into regular Class A common shares of Global Brokerage. FXCM's founders, and several other members…

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drew niv fxcm
November 30, 2017 BY LeapRate Staff

FXCM unit holders Drew Niv, David Sakhai and Eduard Yusupov begin converting to GLBR shares

Regulatory filings made with US securities authorities indicate that three original senior members of FXCM's management team - Drew Niv, David Sakhai and Eduard Yusupov - have begun to convert their "units" into regular Class A common shares of Global Brokerage Inc (NASDAQ:GLBR). Longtime FXCM CEO Mr. Niv and several other members of senior management were issued non-publicly…

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