Key Developments: FXCM Inc (FXCM.N)

FXCM.N on New York Stock Exchange

13.78USD
11:01am EDT
Price Change (% chg)

$-0.16 (-1.15%)
Prev Close
$13.94
Open
$14.02
Day's High
$14.07
Day's Low
$13.77
Volume
15,493
Avg. Vol
113,337
52-wk High
$19.94
52-wk Low
$12.41

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Latest Key Developments (Source: Significant Developments)

FXCM Inc declared quarterly dividend
Thursday, 8 May 2014 06:30am EDT 

FXCM Inc:Declared quarterly dividend of $0.06 per share on outstanding Class A common stock.Dividend is payable on July 1.Record date on June 6.  Full Article

FXCM Inc to Acquire U.S. Retail Forex Accounts of FXDD
Wednesday, 7 May 2014 04:15pm EDT 

FXCM Inc:Says that its U.S. subsidiary, Forex Capital Markets LLC (FXCM U.S.), has signed a definitive agreement with FXDirectDealer LLC (FXDD) to acquire their U.S. retail forex accounts (FXDD U.S. Accounts).Says it will be acquiring about $27 million in client equity and seven thousand active FXDD U.S. accounts.  Full Article

FXCM Inc declares quarterly dividend
Thursday, 6 Mar 2014 06:30am EST 

FXCM Inc:Declared a quarterly dividend of $0.06 per share of Class A common stock.Payable on April 1 to Class A stockholders of record at the close of business on March 21.  Full Article

FXCM Inc Declares Quarterly Dividend
Thursday, 7 Nov 2013 06:30am EST 

FXCM Inc announced that its board of directors has declared a quarterly dividend of $0.06 per share on its outstanding Class A common stock. The dividend is payable on December 30, 2013 to Class A stockholders of record at the close of business on December 19, 2013.  Full Article

FXCM Inc Acquires Faros Trading
Monday, 23 Sep 2013 08:05am EDT 

FXCM Inc announced that it has acquired a 50.1% controlling interest in Faros Trading LLC (Faros).Financial terms were not disclosed. Faros helps clients make money by providing provocative, thoughtful, and value added research.  Full Article

FXCM Inc Declares Quarterly Dividend
Wednesday, 7 Aug 2013 06:30am EDT 

FXCM Inc announced that its board of directors has declared a quarterly dividend of $0.06 per share on its outstanding Class A common stock. The dividend is payable on September 30th, 2013 to Class A stockholders of record at the close of business on September 6th, 2013.  Full Article

FXCM Inc Partners With CITIC Newedge Futures To Open New Gateway For Distinguished Forex Resources In China
Monday, 15 Jul 2013 07:05am EDT 

FXCM Inc announced that it will join forces with CITIC Newedge Futures Co., Ltd. (CITIC Newedge Futures, previously known as CITIC Futures Brokerage Co., Ltd.), in a strategic partnership to open a new gateway for first-class forex platform in China. Starting July 12, the partnership will further FXCM’s footprints into China, allowing more traders to experience the wide spectrum of resources FXCM has to offer. FXCM has chosen CITIC Newedge Futures as a partner based on their status as a key player in the Chinese futures market, their size and their massive business coverage. With this partnership, FXCM and CITIC Newedge Futures can seek strategic synergies in various aspects of their respective businesses. The partnership will fully leverage the industry and business resources of FXCM and CITIC Newedge Futures, being one of the premiere futures companies in China (founded in 1993). A subsidiary of the NYSE-listed FXCM Inc., one of the retail forex brokers in the world, will directly cooperate with CITIC Newedge Futures.  Full Article

FXCM Inc Announces Pricing Of Private Offering Of $150 Million Of 2.25% Convertible Senior Notes Due 2018
Wednesday, 29 May 2013 06:30am EDT 

FXCM Inc announced the pricing of its private offering of $150.0 million aggregate principal amount of 2.25% Convertible Senior Notes due 2018, which was upsized from the previously announced $125.0 million offering. FXCM Inc. has also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $22.5 million in aggregate principal amount of notes. The offering is expected to close on June 3, 2013, subject to customary closing conditions. The notes will mature on June 15, 2018. FXCM Inc. estimates that the net proceeds from the offering of notes will be approximately $144.5 million, after deducting the initial purchasers` discount and the estimated offering expenses payable by FXCM Inc. (or approximately $166.3 million if the initial purchasers exercise in full their option to purchase additional notes). FXCM Inc. and its subsidiaries intend to use a portion of the net proceeds of the offering to fund the net cost to FXCM Inc. of the convertible note hedge transactions described below after such cost is partially offset by proceeds from the warrant transactions described below, and repay approximately $80.0 million of outstanding borrowings under FXCM Holdings, LLC`s revolving credit facility. FXCM Inc. and its subsidiaries intend to use the remaining net proceeds from the offering for general corporate purposes, including potential future acquisitions.  Full Article

FXCM Inc Declares Quarterly Dividend
Tuesday, 7 May 2013 06:30am EDT 

FXCM Inc announced that its board of directors has declared a quarterly dividend of $0.06 per share on its outstanding Class A common stock. The dividend is payable on July 1st, 2013 to Class A stockholders of record at the close of business on June 6th, 2013.  Full Article

FXCM Inc Proposes Acquisition of Gain Capital
Monday, 8 Apr 2013 08:44pm EDT 

FXCM Inc announced it is proposing to merge with and acquire Gain Capital Holdings LLC. The proposal was communicated this evening in a letter from FXCM to Gain’s Board of Directors, to inform them of FXCM’s desire to reach agreement on a transaction. The proposed transaction would give Gain shareholders 0.3996 shares of FXCM Class A common stock for each share of Gain common stock. Based on FXCM’s closing price of $13.39 on Monday, April 8, 2013, this results in an offer price of $5.35 per share of Gain common stock, which in aggregate would represent $210.4 million in total value. This price represents a 25% premium to Gain’s closing share price on April 8, 2013. FXCM is also prepared to offer up to $50 million in cash consideration in lieu of FXCM shares.  Full Article

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