Tag Archives: fxcm japan
Two weeks ago Japan FSA issued a severe notice to FXCM Japan charging it with several accounts of violations of procedures. The language of the notice was so harsh that many in the market expected that FXCM may face a …
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Japanese FSA just issued a public statement about FXCM Japan’s trading platform and business conduct and is considering whether to take an action against the company. The action can be stoppage of service for certain period of time or a …
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FXCM Reports Monthly Metrics for September 2011 – retail volume at peak, acquires Foreland for $17 million
14
2011
FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for September 2011 for its retail and institutional foreign exchange business. FXCM also announced that it completed the acquisition of the Japanese broker Foreland for $17 million. I estimated the deal to be at the region of $10-12 million.
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I just had an opportunity to talk to Drew Niv, FXCM’s CEO, about their acquisition of GCI Japan. FXCM acquired its Japanese franchise GCI Capital a few days ago thus receiving over 17,000 accounts and client equity of $110 million. FXCM will …
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In line with FXCM’s statement from March 2nd it has just announced its acquisition of the retail forex business of GCI Capital, a fairly large Japanese broker, which was essentially FXCM’s franchise in Japan. GCI Capital has been operating the fxcm.co.jp …
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