FXCM says that any adverse developments at GLBR have no impact on the firm or its ability to service customers.
FXCM Group seems keen to protect its brand after the stock of its parent, Global Brokerage Inc (NASDAQ:GLBR), tumbled to a new record low earlier last week, and also after GLBR reiterated the possibly heavy consequences of the eventual delisting from the Nasdaq Stock Market due to the low market value of the firm.
FXCM today issued a corporate statement to clarify its relationship to Global Brokerage and also clarified some already known details about paying off its loan to Leucadia (NYSE:LUK).
[gptAdvertisement]
The company received $46.7 million for its stake in FastMatch last week, which now leaves $66.8 million outstanding on its original Leucadia loan from a couple years ago.
Back to the statement, FXCM said that Leucadia currently holds a 49.9% equity interest and up to a 65% economic interest in FXCM. In addition, GLBR is a shareholder of FXCM with 50.1% equity ownership and a minority economic interest.
The most interesting point was FXCM claiming that any adverse developments at GLBR have no impact on the FX brokerage firm or its ability to service customers. More specifically, FXCM said that it has no responsibility for GLBR’s obligation and that its only debt is the loan to Leucadia, which it has recently taken one step closer to repaying with the sale of FastMatch.
Jimmy Hallac, Managing Director of Leucadia and Chairman of FXCM Group, commented: “Leucadia continues to work hand in hand with FXCM management. We are optimistic about what we can achieve together and re-affirm our long-term commitment. FXCM has had solid operating performance in a challenging market environment and has come a long way in reducing its debt and strengthening its balance sheet. Customers should feel confident trading with FXCM as their FX and CFD provider.”
Brendan Callan, Chief Executive Officer of FXCM Group, added: “FXCM is grateful for its partnership with Leucadia. Our customers, employees and stakeholders benefit greatly from the Leucadia affiliation, in particular our growing collaborative relationship with Jefferies.”
FXCM Group seems keen to protect its brand after the stock of its parent, Global Brokerage Inc (NASDAQ:GLBR), tumbled to a new record low earlier last week, and also after GLBR reiterated the possibly heavy consequences of the eventual delisting from the Nasdaq Stock Market due to the low market value of the firm.
FXCM today issued a corporate statement to clarify its relationship to Global Brokerage and also clarified some already known details about paying off its loan to Leucadia (NYSE:LUK).
[gptAdvertisement]
The company received $46.7 million for its stake in FastMatch last week, which now leaves $66.8 million outstanding on its original Leucadia loan from a couple years ago.
Back to the statement, FXCM said that Leucadia currently holds a 49.9% equity interest and up to a 65% economic interest in FXCM. In addition, GLBR is a shareholder of FXCM with 50.1% equity ownership and a minority economic interest.
The most interesting point was FXCM claiming that any adverse developments at GLBR have no impact on the FX brokerage firm or its ability to service customers. More specifically, FXCM said that it has no responsibility for GLBR’s obligation and that its only debt is the loan to Leucadia, which it has recently taken one step closer to repaying with the sale of FastMatch.
Jimmy Hallac, Managing Director of Leucadia and Chairman of FXCM Group, commented: “Leucadia continues to work hand in hand with FXCM management. We are optimistic about what we can achieve together and re-affirm our long-term commitment. FXCM has had solid operating performance in a challenging market environment and has come a long way in reducing its debt and strengthening its balance sheet. Customers should feel confident trading with FXCM as their FX and CFD provider.”
Brendan Callan, Chief Executive Officer of FXCM Group, added: “FXCM is grateful for its partnership with Leucadia. Our customers, employees and stakeholders benefit greatly from the Leucadia affiliation, in particular our growing collaborative relationship with Jefferies.”
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24