Company Update (NYSE:FXCM): FXCM Inc Announces Changes to Board of Directors
FXCM Inc (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, announced on February 1, 2016, Mr. Perry Fish submitted his resignation to FXCM from his position serving as an independent member of the Company’s Board of Directors (the “Board’) including any and all committee appointments, effective immediately. Mr. Fish’s resignation was for personal reasons and not as a result of any disagreements between him and the Company with respect to the Company’s operations, policies or practices.
Also on February 1, 2016, the Company’s Board, with the recommendation of the Board’s Nominating and Corporate Governance Committee, appointed Mr. Bryan I. Reyhani to serve as a member of the Board. The Board has determined that Mr. Reyhani is an independent director pursuant to the rules and regulations of the New York Stock Exchange. (Original Source)
Shares of FXCM closed today at $11.50, down $0.14 or 1.20%. FXCM has a 1-year high of $27.90 and a 1-year low of $5.26. The stock’s 50-day moving average is $12.97 and its 200-day moving average is $9.93.
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.