FXCM Group Signs Agreement to Sell its Stake in FastMatch for $55.6 Million
(Thomson Reuters ONE) -
NEW YORK, May 23, 2017 (GLOBE NEWSWIRE) -- FXCM Group, LLC ("FXCM Group" or
"FXCM"), a leading international provider of online foreign exchange trading,
CFD trading, spread betting and related services, today, entered into a
definitive agreement pursuant to which FXCM Group and the other shareholders of
FastMatch Inc ("FastMatch") have agreed to sell their shares in FastMatch to
Euronext US Inc. In consideration for the purchase of its stake, FXCM Group will
receive approximately $55.6 million, with a portion held in escrow and subject
to certain future adjustments including a share of a $10 million earnout if
certain performance targets of FastMatch are met. The transaction is subject to
customary closing conditions.
Jefferies LLC acted as exclusive financial advisor to FastMatch and Reed Smith
LLP as legal advisor to FXCM Group, LLC.
About FXCM Group, LLC
FXCM Group is a holding company of Forex Capital Markets Limited, inclusive of
all EU branches (FXCM UK), FXCM Australia Pty. Limited (FXCM AU), and all
affiliates of aforementioned firms, or other firms under the FXCM group of
companies [collectively "FXCM"].
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading,
spread betting and related services. The company's 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 trading tools proprietary data and premium
resources. FXCM Pro provides retail brokers, small hedge funds and emerging
market banks access to wholesale execution and liquidity, while providing high
and medium frequency funds access to prime brokerage services via FXCM Prime.
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.
Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications
jsales(at)fxcm.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FXCM, Inc. via GlobeNewswire
Datum: 23.05.2017 - 07:50 Uhr
Sprache: Deutsch
News-ID 544185
Anzahl Zeichen: 2960
contact information:
Town:
New York
Kategorie:
Business News
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