fxcm
FXCM Inc Announces Repayment of Additional $54 mln of Leucadia Loan
- FXCM Inc will avoid the additional contingent financing fee totaling $30 million according to the terms of its agreement with Leucadia National and will be repaying another $12 million in the coming weeks.
Thursday, 02/04/2015 | 12:53 GMT by
Victor Golovtchenko
FXCM & Alpari UK Sell as Chelsea FC's Forex Partnership Blows Up
- This week has seen some shake ups with FXCM Japan and Alpari UK client data switching hands, amid a consolidation in the payment solutions industry and CWM group grapples with a surge of bad news.
Saturday, 28/03/2015 | 21:01 GMT by
Jeff Patterson
Breaking: FXCM Inc to Sell Its FXCM Japan Unit to Rakuten Securities
- The deal is worth $62 million, with the sale of the Japanese unit of FXCM resulting in the recovery of cash held at the company most likely as a regulatory capital requirement totaling $22 million.
Wednesday, 25/03/2015 | 14:09 GMT by
Victor Golovtchenko
Catching up with London Capital Group’s Charles-Henri Sabet
- Gaining a better understanding of LCG's restructuring and their strategies for 2015 and beyond, Forex Magnates spoke with CEO Charles-Henri Sabet about expansion, technology, their B2B business and more.
Wednesday, 25/03/2015 | 13:46 GMT by
Ron Finberg
FXCM Markets Competes with Global CFD Giants - Extends Equity CFD Range
- FXCM is planning to enhance its product range to cater to the needs of international share traders. The multi-asset provider, FXCM Markets entity, will enter the world of single-stock CFDs according to a note to users.
Tuesday, 24/03/2015 | 22:58 GMT by
Adil Siddiqui
FXCM AU Deploys Updated Negative Balance Rules
- FXCM continues to amend its trading conditions post-SNB, the firm reported a revised policy for traders registered under its Australian regulated entity. The revisions will cover the first $50,000 of negative balances.
Monday, 23/03/2015 | 22:42 GMT by
Adil Siddiqui
What the Future Holds for FXCM After The SNB Crisis?
- Though FXCM erred enormously by not increasing EUR/CHF margin, this episode will forever burn into their collective psyche the necessity of smart risk management, says PoseidonFX co-founder Alex Boyd.
Sunday, 22/03/2015 | 15:16 GMT by
FMAdmin Someone
FXCM and Alpari Adjust to New Reality as Prime Brokers Contract
- Citibank going after FX traders that could not cover negative balances post SNB crisis, ThinkForex acquiring Admiral Markets’ Middle Eastern license and a new breed of forex scams in this week's roundup.
Sunday, 22/03/2015 | 10:00 GMT by
Avi Mizrahi
FXCM UK Updates Negative Balance Policy to Include Only First $50,000
- FXCM has just updated its master trading agreement to reflect the challenges associated with a negative balance protection policy for retail forex traders, now including "insurance" only on the first $50,000.
Friday, 20/03/2015 | 10:14 GMT by
Victor Golovtchenko
FXCM Europe CEO Presents the CBIB Index ("Central Bank Is Bluffing")
- Brendan Callan, the CEO of FXCM Europe, is looking for the recent SNB crisis' George Soros and offers an inventive possible way to predict when another such central-bank-breaking event might occur.
Wednesday, 18/03/2015 | 14:08 GMT by
Guest Contributors
FXCM Seniors Sign Revised Founder Severance Agreement - Thus Providing a Layer of Safety
- Senior executives at listed currency and CFD broker, FXCM, have signed an amended agreement that protects them in case their employment is terminated, with the four receiving a set remuneration in reference to their salary and bonus.
Tuesday, 17/03/2015 | 18:32 GMT by
Adil Siddiqui
FXCM Inc Conference Call Review: Huge Business Shakeup Coming
- The company’s CEO Drew Niv highlighted in the conference call after the FXCM Inc earnings report yesterday that the firm intended to repay its loan to Leucadia National by the end of 2015 primary through assets sales.
Friday, 13/03/2015 | 10:09 GMT by
Victor Golovtchenko
FXCM Publishes Second-by-Second Account of "SNB Flash Crash"
- The NYSE listed broker blames institutional liquidity providers for its failure, does not explain why CHF leverage was not limited and believes its technology performed adequately in client's best interests.
Thursday, 12/03/2015 | 06:18 GMT by
Ron Finberg
FastMatch Offers Free Brokerage to Clients That Provide Liquidity via Orders
- After FXCM took a blow from the SNB crisis, FastMatch is apparently trying to increase the volumes of non-bank market makers on the platform by making it cheaper for them to be liquidity providers.
Monday, 02/03/2015 | 07:01 GMT by
Avi Mizrahi
IronFX Taken to Court and the Depth of Alpari UK Debt Is Revealed
- Forex Magnates spotlights the recent industry’s news you have to know about, including the details of FXCM's loan repayment and the effects of the CHF crisis at Citi's FX Prime Brokerage business.
Sunday, 01/03/2015 | 10:27 GMT by
Avi Mizrahi
Breaking: FXCM Inc on Track with Repayment Of Leucadia Loan
- According to Leucadia National's quarterly earnings report, the firm is expecting to receive over $75 million of its loan to FXCM within three months from the date of the agreement closure with the broker.
Friday, 27/02/2015 | 15:24 GMT by
Victor Golovtchenko
US Forex down in December as Alpari Dubai Draws Competitor Attention
- Last week gave us a rundown on December US data for top brokerages, continued interest in the Alpari UK saga, the merger of Australian broker GO with Vantage FX UK as well as a flurry of CySEC regulatory activity.
Sunday, 22/02/2015 | 10:08 GMT by
Kenny Mariasin
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