FXCM Inc. Changes Publicly Traded Company Name and Ticker Symbol; FXCM Inc. Renamed Global Brokerage, Inc.; Ticker Symbol Cha...
February 21 2017 - 7:30AM
FXCM Inc. (NASDAQ:FXCM) (“FXCM” or the "Company"), today announced
that it will change the Company’s name to Global Brokerage, Inc.
and the trading ticker symbol will change to “GLBR” expected to be
effective at the opening of trading on February 27, 2017. The
Company’s Common Stock trades on the NASDAQ Global Market and the
new CUSIP will be 37891B109.
Mr. William Ahdout submitted his resignation to FXCM from
his position serving as a Director on the Company's Board of
Directors (the "Board”), effective immediately.
Mr. Drew Niv submitted his resignation
to FXCM from his positions serving as a Director and Chairman
of the Board effective immediately. Mr. Niv will also resign as
Chief Executive Officer, effective upon the selection and
appointment of a successor. The Company feels it is important for
Mr. Niv to stay in his position during this transition period and
to serve as an advisor to the newly appointed successor to assure
an orderly transition.
The Company's Board, with the recommendation of the Board's
Nominating and Corporate Governance Committee, appointed Mr. Bryan
I. Reyhani to serve as Chairman of the Company’s Board of
Directors.
At this time all parties have decided that it is
in the best interests of the Company for Mr. Niv and Mr. Ahdout to
resign from The Board of Directors.
About FXCM Inc.
FXCM Inc. (NASDAQ:FXCM) is a publicly traded company which
owns 50.1% of FXCM Group, LLC (FXCM Group).
FXCM Group is a holding company of Forex Capital Markets
LLC, (FXCM US), 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 Group is owned
by FXCM Inc. (NASDAQ:FXCM) and Leucadia National
Corporation (NYSE:LUK). Leucadia National Corporation is a
multi-billion dollar diversified holding company engaged through
its consolidated subsidiaries in a variety of businesses.
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@fxcm.com
investorrelations@fxcm.com
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