FXCM’s Major Shareholder William Blair & Co. Ups the Ante - Increases Stake to 11.69%
- Leading hedge fund William Blair & Co. sends out a strong message in support of broker-dealer FXCM as it increases its majority holding as an institutional investors in the firm, its investment tops 5.5 million shares.
One of FXCM’s major institutional shareholders William Blair and Co. has increased its holding in the listed brokerage firm. In an SEC filing, details show that the hedge fund increased its stake from 9.31% to 11.69%. The move comes during volatile times for retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers as the aftermath of the SNB crisis unfolds.
Chicago-based investment management firm William Blair and Co. offers a range of services for institutional investors. Its current share ownership of 5,511,230 shares keeps it at top position at FXCM with 11.69%. FXCM’s share price suffered immediately after the crisis unfolded and the broker reported that it suffered losses of $225 million. Shares closed at $2.28 in New York trading, up 9% on the day.
FXCM’s institutional investor base includes leading providers such as BlackRock, Fidelity, Vanguard and Invesco. The firm was an attractive offer when it filed for IPO in 2010, with its overall book-value exceeding expectations. The firm has been organically increasing both its retail and institutional business, with a last-minute dose of volatility in 2014 supporting record figures--in its retail division, the broker's average daily volume is over $20 billion.
The events of 15 January have created a black hole in the forex markets, following on from last year’s fixing fines. However, the latest news of William Blair’s increased holding brings positive news to the sector.
FXCM and UK rival IG reported substantial losses as a result of the SNB upheaval. However, three brokers, including West Ham United’s shirt sponsor, Alpari UK, filed for insolvency. The broker was joined by LQD Markets and Excel Markets. LQD Markets became the latest victim, adding salt to the wounds of pro-Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term participants.
One of FXCM’s major institutional shareholders William Blair and Co. has increased its holding in the listed brokerage firm. In an SEC filing, details show that the hedge fund increased its stake from 9.31% to 11.69%. The move comes during volatile times for retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers as the aftermath of the SNB crisis unfolds.
Chicago-based investment management firm William Blair and Co. offers a range of services for institutional investors. Its current share ownership of 5,511,230 shares keeps it at top position at FXCM with 11.69%. FXCM’s share price suffered immediately after the crisis unfolded and the broker reported that it suffered losses of $225 million. Shares closed at $2.28 in New York trading, up 9% on the day.
FXCM’s institutional investor base includes leading providers such as BlackRock, Fidelity, Vanguard and Invesco. The firm was an attractive offer when it filed for IPO in 2010, with its overall book-value exceeding expectations. The firm has been organically increasing both its retail and institutional business, with a last-minute dose of volatility in 2014 supporting record figures--in its retail division, the broker's average daily volume is over $20 billion.
The events of 15 January have created a black hole in the forex markets, following on from last year’s fixing fines. However, the latest news of William Blair’s increased holding brings positive news to the sector.
FXCM and UK rival IG reported substantial losses as a result of the SNB upheaval. However, three brokers, including West Ham United’s shirt sponsor, Alpari UK, filed for insolvency. The broker was joined by LQD Markets and Excel Markets. LQD Markets became the latest victim, adding salt to the wounds of pro-Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term participants.