FXCM Inc. Buyback
OLI recorded this information on 12/11/2015
Company:
FXCM Inc.
Buyback:
FXCM buyback
$Amount Authorized:
$130,000,000
Buyback Details:
In addition, as has also been previously stated, FXCM's Board of Directors has authorized a stock repurchase program of up to $130 million, of which there is $65.8 million remaining. Members of senior management also have informed FXCM that they, too, may purchase shares independently of FXCM and each other. Any such purchases by FXCM or members of senior management may be in open-market or private transactions, and will be subject to market and industry conditions, share price and other factors. All transactions will be in full compliance with applicable securities and other laws.
FXCM is a holding company. Through its membership interest in FXCM Holding, LLC, Co. is an online provider of foreign exchange (FX) trading and related services to retail and institutional customers. Co.'s primary offering to retail customers is an agency execution or an agency model. Under the agency model, when a customer executes a trade on the price quotation provided by the FX market maker, Co. acts as a credit intermediary, or a riskless principal, simultaneously entering into a trade with the customer and the FX market maker. Co. also provides its customers the ability to trade contract for differences and spread betting through U.K. subsidiaries.
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Strong Sell (0.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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