FXCM Group Terminates Management Agreement With Global Brokerage
(Thomson Reuters ONE) -
NEW YORK, Oct. 02, 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 announced that the
Management Agreement between FXCM and Global Brokerage Holdings, LLC
("Holdings") had been terminated.
The termination of the Management Agreement was mutually agreed by the parties
and reflects the continuing separation of FXCM from Global Brokerage.
Brendan Callan, CEO of FXCM, stated: "We are extremely pleased to have taken
this step. I believe that operating on a standalone basis is better for the
firm, our stakeholders and most importantly our clients. FXCM continues to
invest in our product offering and look forward to launching a new Web platform
and MT5 in the coming months."
Jimmy Hallac, Chairman of the Board of FXCM and Managing Director of Leucadia,
stated: "The termination of the Management Agreement represents the fact that
FXCM and Leucadia continue to work closely to ensure that FXCM's operating
businesses are independent, strong, and built for future growth."
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: 02.10.2017 - 22:15 Uhr
Sprache: Deutsch
News-ID 562144
Anzahl Zeichen: 3265
contact information:
Town:
New York
Kategorie:
Business News
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