fxcm
FXCM Inc's Loan from Leucadia Net Proceeds $279 Million, Interest Rate Increases 1.5% Quarterly
- Some details of the loan from Leucadia to FXCM are out, revealing a growing interest over time and the possibility of additional fees totaling $30 million if the principal is not reduced to below $250 million by April 16th.
Tuesday, 20/01/2015 | 06:53 GMT by
Victor Golovtchenko
Fastmatch Volumes Surge to Record on Thursday, Only to Retreat to Year Low
- After achieving a record high in trading volumes last Thursday, activity declined quickly on Friday on Fastmatch. The volume contraction may have been due to the platform's connection to FXCM.
Sunday, 18/01/2015 | 20:30 GMT by
Ron Finberg
The Forex Industry Battles EUR/CHF Meltdown: Real Time Updates
- Forex Magnates provides a breakdown of the EUR/CHF crash's impact on the FX industry. See how much each broker lost, who is looking to take over failing competitors and who is looking to get bought out of the market.
Sunday, 18/01/2015 | 16:41 GMT by
Avi Mizrahi
Breaking: FXCM Emerges as Potential Buyer for the Business of Alpari UK
- In a surprise, brazen move, FXCM - just out of its own trouble, has emerged as a potential savior for Alpari UK. It now seems the American firm asked for the $300 million Leucadia National bailout so it can expand.
Sunday, 18/01/2015 | 15:45 GMT by
Avi Mizrahi
Did Banks 'Bucketshop' Retail Forex Brokers? Winners and Losers from Swiss Franc Volatility
- It was the non-dealing desk forex brokers that ultimately found themselves operating risky operations, for a change, versus their market making brethren, as CHF moves wiped out clients and led to negative balances.
Sunday, 18/01/2015 | 14:10 GMT by
Ron Finberg
Marketers Pounce on the Opportunity to Pinch Competitors' Clients during Times of Difficulty
- Forex and CFD brokers are looking to absorb clients from competing firms. Data from marketing channels shows that brokers are using interesting marketing phrases against brokers that have been affected by the CHF crisis.
Friday, 16/01/2015 | 21:59 GMT by
Adil Siddiqui
Breaking: Leucadia Hands FXCM $300 Mln Life-Line
- US holding company, aka the baby Berkshire Hathaway, Leucadia National has given troubled forex broker-dealer FXCM a $300 million financing. The move comes after talks earlier in the day to support the broker.
Friday, 16/01/2015 | 20:49 GMT by
Adil Siddiqui
Vultures Out: Brokers Reviewing the Wreckage for ‘Groyse Metsia’ Acquisitions
- Forex Magnates has learned that some larger and well capitalized brokers are out making calls today about acquiring outright or purchasing a share of customer books to provide capital to struggling brokers.
Friday, 16/01/2015 | 14:49 GMT by
Ron Finberg
FXCM Inc Shares Trading down 85% in Pre-Market Trading
- Credit Suisse and Citi issued downgrades on the shares of FXCM Inc this morning as the company and its peers across the industry are losing substantial amounts of market value in pre-market trading on the NYSE.
Friday, 16/01/2015 | 12:59 GMT by
Victor Golovtchenko
FXCM Announces Massive $225 Million Client Negative Balance Hit Due to CHF Volatility
- FXCM is suffering an unprecedented capital hit due to client negative balances reaching $225 million. The losses put the broker in breach of some regulatory capital requirements which they are working on to cover.
Friday, 16/01/2015 | 05:11 GMT by
Ron Finberg
Was the Selloff in FXCM Shares Overdone following Their Q4 Guidance?
- Shares of FXCM were down nearly 11% yesterday after the broker announced that retail revenues per million dollars traded was lowered to around $70 from the $75-$80 range the broker had forecast to investors.
Thursday, 15/01/2015 | 10:38 GMT by
Ron Finberg
FXCM Upgrades Trading Station to Include New Indicators and Charting
- FX traders are expected to take heed of new indicators and trading tools under FXCM’s planned upgrade to its trading terminal. Trading Station will undergo a scheduled upgrade on the 16th of January with several new features.
Wednesday, 14/01/2015 | 21:43 GMT by
Adil Siddiqui
Market Volatility Pushes US Retail Forex Up 4.3% in November
- The american's regulator's metrics reflects an uptake in the total value of client funds in the retail sector, most notably at FXCM, Interactive brokers and KCG. Total funds topped $630 million.
Wednesday, 14/01/2015 | 18:53 GMT by
Adil Siddiqui
FXCM Volumes Shine in December Maintaining $20 Billion Plus Retail ADV
- Listed currency broker, FXCM, saw positive trading volumes during the month of December. Overall retail forex volumes were in the green on a monthly and yearly basis, with a slight dip in monthly institutional volumes.
Tuesday, 13/01/2015 | 21:29 GMT by
Adil Siddiqui
How Did FXCM, Gain Capital, PLUS500 and IG Group Do in 2014?
- While global stock markets are finishing the year on a positive note, Forex Magnates is exploring how did publicly traded brokers from the industry finished trading after dealing with a tough first half of 2014.
Tuesday, 30/12/2014 | 14:59 GMT by
Victor Golovtchenko
Speaking to the Masses: Merits and Pitfalls of the Big Sponsorship Deals
- Brokers are stealing the limelight with super-star, million-dollar, sponsorship deals as they look for the blessings of marrying football with FX. How can these flashy partnership maximize building one's brand?
Friday, 26/12/2014 | 08:00 GMT by
Adil Siddiqui
Ruble Carnage Continues as Brokers Halt Trading, Cut Margin
- Despite customers reporting problems at several brokers, traders on the whole are benefitting from the spike in prices. Some brokers have indicated to Forex Magnates that their clients are overwhelmingly long.
Tuesday, 16/12/2014 | 17:29 GMT by
Ron Finberg
New Product Review: TopTradr FX Trading Contest Mobile App - Your Way into the Big Leagues
- The appeal of TopTradr is that beyond the slick app and well executed trading competitions it provides retail traders and students with a way to prove their worth and even get a chance to manage real large FX funds.
Monday, 15/12/2014 | 22:01 GMT by
Avi Mizrahi
US Retail Forex Market Stabilized, CFTC October FCM Data Shows
- The CFTC’s monthly report of October FCM financials is showing the size of the US retail forex industry remained flat with only a 0.2% drop in customer assets. The market shares of the firm have not changed as well.
Wednesday, 10/12/2014 | 17:35 GMT by
Avi Mizrahi
Institutional Volumes Hit New Record at FXCM in November ADV of $17.1 Bln
- A positive month of trading activity at leading broker-dealer FXCM. The US-origin firm reported a sharp rise in its institutional segment that surpassed seventeen billion in daily volumes, retail trading was also up YoY.
Tuesday, 09/12/2014 | 21:37 GMT by
Adil Siddiqui
FXCM Boasts Promising Results with Revised Raw FX Pricing Model
- A recent change in the pricing structure at FXCM and a revised entry point for financial traders has had a positive impact at the firm’s US division. The firm increased its minimum deposit to $2000.
Wednesday, 03/12/2014 | 21:37 GMT by
Adil Siddiqui
Exclusive: Tal Zohar Set to Join IG Group Senior Management
- Tal Zohar is expected to relocate to London to and step into his role with the world's largest financial institution for leveraged products trading (CFD) early in 2015, where he will lead several innovative projects.
Thursday, 27/11/2014 | 10:12 GMT by
Avi Mizrahi
Brandon Mulvihill and Michael Higgins Promoted at FXCM's Institutional Sales Side
- Brandon Mulvihill was promoted to global head of sales. His previous role as European Managing Director of Sales has been divided into three new Europe-based roles. One of these roles has been filled by Michael Higgins.
Wednesday, 19/11/2014 | 12:05 GMT by
Avi Mizrahi
Banks Face Judgment Day As FXCM Strengthens US Market Foothold
- This week’s “Best Stories” edition explores the true meaning and possible consequences of the much awaited FX rates manipulation fines, along with interesting findings from CFTC's September retail fx report.
Saturday, 15/11/2014 | 22:01 GMT by
Jeff Patterson
FXCM Increases US Market Share by 3% after IBFX MT4 Acquisition, FCM Data Reveals
- Total retail forex funds shed another 2% in September as volatility goes up, CFTC data shows. IBFX's MT4 accounts contributed between $15-20 million to FXCM's book, bringing its U.S. market share to 36%.
Tuesday, 11/11/2014 | 09:41 GMT by
Victor Golovtchenko
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