After the fairly steep decline in trading volumes released in February report, Global Brokerage Inc (NASDAQ:GLBR), recently renamed from FXCM Inc, today…
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Leucadia and FXCM sign MoU to deepen and extend partnership
Leucadia National Corporation (NYSE:LUK) and FXCM Inc. (NYSE:FXCM) today announced that they have entered into a memorandum of understanding to amend the terms of…
Read MoreYet (another) wild day of trading in FXCM shares: up 25% midday before diving to close down 7%
We don’t often make predictions at LeapRate, especially when it comes to share prices of publicly traded companies. However this…
Read MoreFXCM shares soar 52% after Leucadia loan restructuring hint
FXCM shares were actually up 69% at one point, after management gave shareholders hope that there might be life after Leucadia.
Read MoreFXCM Hong Kong to be sold to Rakuten Securities
The imminent sale of FXCM’s Hong Kong operations to Japanese giant Rakuten Securities is ” is another positive step towards FXCM completing its plan to sell non-core assets and repay the Leucadia loan” says Drew Niv, CEO of FXCM
Read MoreFXCM pays $54 million off its loan from Leucadia
By repaying more than $60 million before April 16, 2015, FXCM has avoided a contingent financing fee of $30 million
Read MoreFXCM Inc shares soar 11% in aftermarket trading to $2.39
FXCM has indicated it will rationalize some assets, including the planned sale of its institutional business FXCMPro and its Japan and Hong Kong subsidiaries.
Read MoreFXCM Inc shares dip back below $2 as investors begin to lose faith
The change in the effective capital structure at FXCM Inc (NYSE:FXCM) following the $300 million lifeline it received last month…
Read MoreFXCM adopts ‘poison pill’ shareholder rights plan
A poison pill helps prevent an unsolicited bid to buy a company, keeping the company under the control of the Board. It is NOT about raising money.
Read MoreEmbattled FXCM confident as CEO issues statement, on pace for ‘record volumes’ for January
Among a general business update provided today, FXCM CEO Drew Niv says firm plans sale of non-core assets to raise cash while also revealing daily volume for January is on pace for company record. Should investors still have cause for concern?
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