Breaking: IG Group Buys DailyFX from FXCM for $40m
- DailyFX is one of the most visited foreign exchange trading news and research portals.

Commenting on the announcement, the CEO of FXCM Inc (NASDAQ:FXCM) Drew Niv said: “While DailyFX is a high quality asset and was not a targeted asset to sell, the opportunity came along and it was something we felt we should take advantage of.”
“At this time, we do not plan on selling any other retail FX assets and believe the remaining assets held for sale satisfy the remaining debt outstanding to Leucadia,” Niv elaborated.
The CEO of IG Group Holdings plc (LON:IGG), Peter Hetherington, added: “We are extremely pleased to have had the opportunity to purchase what we consider to be the leading global client recruitment resource in the FX environment, an asset type where IG is very strong, but historically underweight.”
“This brings to IG an exceptional proven platform for both acquiring new clients and further engaging our entire current global client base, along with a number of very talented people. This transaction further underpins our commitment to continuing to provide the best client experience in our industry,”
As part of the deal, the 34 employees that are currently on the payroll at DailyFX will transfer to IG after the acquisition is complete.
FXCM to Continue Client Onboarding from US and Canada
IG Group will be delegating the Leads Leads Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating leads that traditionally fall under the mantle of advertising. However, this may also include non-paid sources such as organic search engine results or referrals from existing customersHow Are Leads Generated?In the FX space, nearly every brokerage has their own list of leads. How exactly these are generated varies to some extent. Most come from a composite of sources or activities.Specific parameters on the Internet such as personal referrals, telephone calls, or even conference attendance either by the company or telemarketers, through advertisements are the most common examples of this.Indeed, content marketing, search engine, and events are all effective ways in bolstering leads over time and account for the highest concentration of lead generation.Leads are also a powerful took by marketers to pursue new clients. This can involve customer relationship management (CRM) technology or follow ups in the form of contacting.The goal of these contacts is the conversion into a client. Simply obtaining a list of leads does not always correlate to business. This is where sales, follow ups, or other methods come into play. Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating leads that traditionally fall under the mantle of advertising. However, this may also include non-paid sources such as organic search engine results or referrals from existing customersHow Are Leads Generated?In the FX space, nearly every brokerage has their own list of leads. How exactly these are generated varies to some extent. Most come from a composite of sources or activities.Specific parameters on the Internet such as personal referrals, telephone calls, or even conference attendance either by the company or telemarketers, through advertisements are the most common examples of this.Indeed, content marketing, search engine, and events are all effective ways in bolstering leads over time and account for the highest concentration of lead generation.Leads are also a powerful took by marketers to pursue new clients. This can involve customer relationship management (CRM) technology or follow ups in the form of contacting.The goal of these contacts is the conversion into a client. Simply obtaining a list of leads does not always correlate to business. This is where sales, follow ups, or other methods come into play. Read this Term from US and Canada to FXCM for an annual fee. The brokerage will also continue to benefit from advertising on the US site. IG Group expects that the annual costs of operation of the newly acquired website are going to be about £5 million ($6.5 million). The purchase of DailyFX is estimated to be amortised on a straight-line basis over 10 years.
IG Group also expects that thanks to the new active clients which the website will generate for IG, the investment will become earnings enhancing in IG's FY18 financial year and beyond.
FXCM to Use Proceeds to Repay to Leucadia National
The proceeds from the sale which FXCM receives will be used to repay its existing debt to Leucadia National. The brokerage will receive $36 million in cash and a further $4 million on completion of certain migration requirements. After the transaction is completed, FXCM will have repaid over half of its loan balance, with $157 million covered and $153 million outstanding.
Commenting on the announcement, the CEO of FXCM Inc (NASDAQ:FXCM) Drew Niv said: “While DailyFX is a high quality asset and was not a targeted asset to sell, the opportunity came along and it was something we felt we should take advantage of.”
“At this time, we do not plan on selling any other retail FX assets and believe the remaining assets held for sale satisfy the remaining debt outstanding to Leucadia,” Niv elaborated.
The CEO of IG Group Holdings plc (LON:IGG), Peter Hetherington, added: “We are extremely pleased to have had the opportunity to purchase what we consider to be the leading global client recruitment resource in the FX environment, an asset type where IG is very strong, but historically underweight.”
“This brings to IG an exceptional proven platform for both acquiring new clients and further engaging our entire current global client base, along with a number of very talented people. This transaction further underpins our commitment to continuing to provide the best client experience in our industry,”
As part of the deal, the 34 employees that are currently on the payroll at DailyFX will transfer to IG after the acquisition is complete.
FXCM to Continue Client Onboarding from US and Canada
IG Group will be delegating the Leads Leads Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating leads that traditionally fall under the mantle of advertising. However, this may also include non-paid sources such as organic search engine results or referrals from existing customersHow Are Leads Generated?In the FX space, nearly every brokerage has their own list of leads. How exactly these are generated varies to some extent. Most come from a composite of sources or activities.Specific parameters on the Internet such as personal referrals, telephone calls, or even conference attendance either by the company or telemarketers, through advertisements are the most common examples of this.Indeed, content marketing, search engine, and events are all effective ways in bolstering leads over time and account for the highest concentration of lead generation.Leads are also a powerful took by marketers to pursue new clients. This can involve customer relationship management (CRM) technology or follow ups in the form of contacting.The goal of these contacts is the conversion into a client. Simply obtaining a list of leads does not always correlate to business. This is where sales, follow ups, or other methods come into play. Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating leads that traditionally fall under the mantle of advertising. However, this may also include non-paid sources such as organic search engine results or referrals from existing customersHow Are Leads Generated?In the FX space, nearly every brokerage has their own list of leads. How exactly these are generated varies to some extent. Most come from a composite of sources or activities.Specific parameters on the Internet such as personal referrals, telephone calls, or even conference attendance either by the company or telemarketers, through advertisements are the most common examples of this.Indeed, content marketing, search engine, and events are all effective ways in bolstering leads over time and account for the highest concentration of lead generation.Leads are also a powerful took by marketers to pursue new clients. This can involve customer relationship management (CRM) technology or follow ups in the form of contacting.The goal of these contacts is the conversion into a client. Simply obtaining a list of leads does not always correlate to business. This is where sales, follow ups, or other methods come into play. Read this Term from US and Canada to FXCM for an annual fee. The brokerage will also continue to benefit from advertising on the US site. IG Group expects that the annual costs of operation of the newly acquired website are going to be about £5 million ($6.5 million). The purchase of DailyFX is estimated to be amortised on a straight-line basis over 10 years.
IG Group also expects that thanks to the new active clients which the website will generate for IG, the investment will become earnings enhancing in IG's FY18 financial year and beyond.
FXCM to Use Proceeds to Repay to Leucadia National
The proceeds from the sale which FXCM receives will be used to repay its existing debt to Leucadia National. The brokerage will receive $36 million in cash and a further $4 million on completion of certain migration requirements. After the transaction is completed, FXCM will have repaid over half of its loan balance, with $157 million covered and $153 million outstanding.