Tag: Leucadia National Corp (NYSE:LUK)

Global Brokerage chapter 11 filing FXCM
November 12, 2017 BY LeapRate Staff

Global Brokerage Inc bankruptcy - What it means for FXCM

Following the close of equity markets in the US on Friday afternoon, Global Brokerage Inc (NASDAQ:GLBR), formerly known as FXCM Inc, announced that it will be filing for "Chapter 11" protection under the United States Bankruptcy Code, as part of a planned reorganization of the company. Global Brokerage's main asset is its 50.1% holding in FXCM…

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FXCM GLBR terminate management agreement
October 03, 2017 BY LeapRate Staff

FXCM terminates Management Agreement with Global Brokerage Inc

Retail FX broker FXCM Group LLC has put out an interesting press release (see text below), stating that it has agreed to terminate its Management Agreement with parent company Global Brokerage Inc (NASDAQ:GLBR). FXCM and GLBR became effectively separated when Leucadia National Corp (NYSE:LUK) took a direct equity stake in FXCM last year, and the two appointed…

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forex industry news update
August 20, 2017 BY LeapRate Staff

FX Industry Week Review: Israel Binary Options law delay, Forex.com fundraising, and lots more…

While the online trading industry was taking somewhat of an end-of-summer breather with less press releases, deals, executive hires and the like, there was still plenty of Forex Industry News to report. How is internal party politics delaying Israel's new Binary Options ban legislation from being actually implemented? Why is Forex.com parent Gain Capital Holdings Inc…

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