FXCM's shares rise 6% on the first day

FXCM's shares were only admitted to trading today but were already successful with traders - FXCM's stock rose over 6% to $14.84 from the initial IPO price of $14 in a turnover of some $100 million giving a market cap over $1.1 billion. The price rise on a first, post-IPO, day is however not uncommon. I believe we'll see the price increase and more turnover in this stock over time as it is for now the only public retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker - and this attracts much interest.