Company Update (NYSE:FXCM): FXCM Inc and FXFlat Announce New Partnership
FXCM Inc (NYSE:FXCM), is a leading online provider of foreign exchange (forex) trading, Contracts for Difference (CFDs) and related services, announced today its new partnership with German broker FXFlat.
“FXCM is pleased to partner with FXFlat, a dominant player in Germany,” says Brandon Mulvihill, Managing Director of FXCM PRO. “The numerous awards FXFlat received in 2015 and the years prior speak to the quality of this new venture. This is an important step towards FXCM’s strategic expansion into the German market.”
Under the new partnership, FXFlat will enable its customers with access to the FXCM Trading Station and MetaTrader 4 platform trading services. Moreover, FXFlat customers will benefit from the distinctive No Dealing Desk Forex and Enhanced CFD execution models.
Rafael Neustadt, Managing Director and CEO of FXFlat explains: “The new partnership is a win-win situation not only for FXFlat Wertpapierhandelsbank and FXCM, but especially for the customer.”
Neustadt continued, “With this cooperation we are further expanding our extensive range of excellent trading tools, attractive costs and transparent solutions.” (Original Source)
Shares of FXCM Inc closed yesterday at $16.76, up $0.99 or 6.28%. FXCM has a 1-year high of $172.50 and a 1-year low of $5.26. The stock’s 50-day moving average is $9.40 and its 200-day moving average is $10.11.
FXCM Inc is an online provider of foreign exchange trading and related services to retail and institutional customers. It offers its customers the ability to trade contract for differences, spread betting, equities and equity options.