FXCM Japan Securities, a subsidiary of FXCM (NYSE: FXCM) unveiled a new corporate logo today, according to an FXCM statement.
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Earlier this year, FXCM (NYSE:FXCM) revealed that Forex Trading, LLC, a subsidiary of FXCM Newco, LLC, had signed a definitive agreement, selling FXCM Asia Limited (FXCM Hong Kong) to Rakuten Securities, Inc, for $36 million.
FXTRADING.com and CGS-CIMB Securities Join ForcesGo to article >>
Rakuten is one of the five largest foreign exchange (FX) brokers in Japan, itself a subsidiary of Rakuten, Inc., one of the world’s largest Internet services companies. Alternatively, FXCM Hong Kong is FXCM’s regulated entity whose majority of clients are Hong Kong residents.
Earlier this week, FXCM (NYSE:FXCM) recently reported its trading volumes generated by retail customers in May, having rebounded from April figures to $331 billion. The number was 8% higher than in April 2015 and 39% higher than in May 2014. The average daily volume (ADV) for retail clients also increased even more sharply by 14%. The figure totaled $15.8 billion in May 2015, which is 46% higher than May 2014. Average trades per day totaled 520,282, which were 2% higher when compared to April 2015 and 65% higher than a year ago.
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