FXCM Booted Out on the Street!!

Been 10 years in the UK still working fine, still with them, never an issue.

Just stupid land of the free regulations, free LOL

 

we need to keep away foriegn countries from taking advantage of us . Not like vegas, lottory , cigarettes where the govt has our best interest at heart .

 

You mean, where people are more intelligent and take money out of the USA!

 

Global Brokerage Inc., formerly known as FXCM Inc., has informed the US Securities and Exchange Commission (SEC) of a notification from NASDAQ Global Market that it might delist it over falling market cap.

According to the filing, on May 2 NASDAQ informed Global Brokerage that for the prior 30 consecutive business days, the market value of the company’s publicly held shares was less than $15 million. This does not meet NASDAQ’s requirements for continued listing on the exchange.

 

Wow, we could almost put together a consortium here on ET and buy them!

 

FXCM Group, the two remaining forex, CFD and spread betting units of Global Brokerage, announced it has finalized the sale of its stake in FastMatch to Euronext. The deal received all necessary regulatory and anti-trust approvals.

According to the announcement, FXCM got $46.7 million in cash, with $8.7 million held in escrow subject to certain potential future adjustments. The proceeds from the sale were used to repay debt owed to Leucadia, with $66.8 million outstanding.