FXCM Makes Special Announcement Following Brexit
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FXCM Inc. /
FXCM Makes Special Announcement Following Brexit
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Financial Position Remains Solid
Trading Platform Functioned Normally
Margins Remain Elevated
NEW YORK, June 24, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM) ("FXCM" or
"the Company"), a leading online provider of foreign exchange (FX) trading and
related services, announced that FXCM systems and operations functioned without
any material adversity during Brexit.
"FXCM is happy with the risk management steps we took including our decision to
gradually raise margins as we did heading into the vote," said Drew Niv, CEO of
FXCM. "The FXCM Trading Station operated normally throughout the Brexit market
volatility and we are extremely pleased with our liquidity providers, our staff
who worked through the night and our clients who continued to heed our warnings
during these historical market movements."
FXCM's risk committee will continue to closely monitor and hedge the Company's
exposure, margins will remain elevated until we see the market return to more
normal liquidity levels and we hope to relax margin requirements in the coming
days.
About FXCM Inc.
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (FX)
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
FX 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.
FXCM Inc.
Jaclyn Klein, 646-432-2463
Vice-President, Corporate Communications
jklein(at)fxcm.com
investorrelations(at)fxcm.com
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originality of the information contained therein.
Source: FXCM Inc. via GlobeNewswire
[HUG#2023081]
Unternehmensinformation / Kurzprofil:
Datum: 24.06.2016 - 16:33 Uhr
Sprache: Deutsch
News-ID 479893
Anzahl Zeichen: 3218
contact information:
Town:
New York
Kategorie:
Business News
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