FXCM Completes Sale of FXCM Securities to Expobank
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FXCM Inc. /
FXCM Completes Sale of FXCM Securities to Expobank
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NEW YORK and LONDON, Dec. 02, 2015 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM), a
leading online provider of foreign exchange (FX) trading and related services,
today announced that it has completed its sale of FXCM Securities Limited.,
("FXCM Securities") to AS Expobank ("Expobank"). This is a non-
material disposition of one of FXCM's non-core assets. At this time the purchase
price has not been disclosed.
FXCM Securities was FXCM's brokerage specializing in exchange traded equities,
futures, and options, which was acquired back in 2010 with FXCM's acquisition of
ODL Group Limited.
Disclosure Regarding Forward-Looking Statements
Certain statements contained herein may constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934 and/or the Private Securities Litigation
Reform Act of 1995, which reflect FXCM's current views with respect to, among
other things, its operations and financial performance in the future, and the
potential impact to FXCM of the cybersecurity incident described in a press
release distributed on October 1, 2015. These forward-looking statements are not
historical facts and are based on current expectations, estimates and
projections about FXCM's industry, management's beliefs and certain assumptions
made by management, many of which, by their nature, are inherently uncertain and
beyond our control. Accordingly, readers are cautioned that any such forward-
looking statements are not guarantees of future performance and are subject to
certain risks, uncertainties and assumptions that are difficult to predict
including, without limitation, risks associated with the events that took place
in the currency markets on January 15, 2015 and their impact on FXCM's capital
structure, risks associated with FXCM's ability to recover all or a portion of
any capital losses, risks relating to the ability of FXCM to satisfy the terms
and conditions of or make payments pursuant to the terms of the credit agreement
with Leucadia, risks related to FXCM's dependence on FX market makers, market
conditions, risks associated with the outcome of any potential litigation or
regulatory inquiries to which FXCM may become subject as a result of this
cybersecurity incident, risks associated with potential reputational damage to
FXCM resulting from this cybersecurity incident, the outcome of FXCM's ongoing
investigation (including FXCM's potential discovery of additional information
relating to this cybersecurity incident) and the extent of remediation costs and
other additional expenses that may be incurred by FXCM as a result of this
security incident, and those other risks described under "Risk Factors" in FXCM
Inc.'s Annual Report on Form 10-K and other reports or documents FXCM files
with, or furnishes to, the SEC from time to time, which are accessible on the
SEC website at sec.gov. This information should also be read in conjunction with
FXCM's Consolidated Financial Statements and the Notes thereto contained in
FXCM's Annual Report on Form 10-K, and in other reports or documents the FXCM
files with, or furnishes to, the SEC from time to time, which are accessible on
the SEC website at sec.gov.
About FXCM Inc.
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (forex)
trading, CFD trading, spread betting and related services. Our mission is to
provide global traders with access to the world's largest and most liquid market
by offering innovative trading tools, hiring excellent trading educators,
meeting strict financial standards and striving for the best online trading
experience in the market.
Clients have the advantage of mobile trading, one-click order execution and
trading from real-time charts. In addition, FXCM offers educational courses on
forex trading and provides free news and market research through DailyFX.com.
Trading foreign exchange and CFDs on margin carries a high level of risk, which
may result in losses that could exceed your deposits, therefore may not be
suitable for all investors. Read full disclaimer.
Visit www.fxcm.com and follow us on Twitter (at)FXCM, Facebook FXCM,
Google+ FXCM or YouTube FXCM.
FXCM Inc.
Jaclyn Klein, 646-432-2463
Vice-President, Corporate Communications
jklein(at)fxcm.com
investorrelations(at)fxcm.com
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: FXCM Inc. via GlobeNewswire
[HUG#1970944]
Unternehmensinformation / Kurzprofil:
Datum: 02.12.2015 - 17:38 Uhr
Sprache: Deutsch
News-ID 437138
Anzahl Zeichen: 5557
contact information:
Town:
New York
Kategorie:
Business News
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