|This Slide: #65 of 100|
Slide #65. FXCM — 50.1% controlling interest in Faros Trading LLC
50.1% controlling interest in Faros Trading LLC
FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange, or FX, trading and related services worldwide, today announced that it has acquired a 50.1% controlling interest in Faros Trading LLC ("Faros").Financial terms were not disclosed.
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.
Open the FXCM Page at The Online Investor »
Free FXCM Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts
Strong Sell (0.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite