Company Update (NYSE:FXCM): FXCM Inc to move to NASDAQ
FXCM Inc. (NYSE:FXCM) announced that it is transferring its stock exchange listing to The NASDAQ Global Market. The last day of trading on The New York Stock Exchange, will be Friday September 23, 2016. FXCM shares will begin trading as a NASDAQ-listed security on the following trading day, Monday, September 26, 2016, and will continue to trade under the symbol FXCM.
“At this time we feel moving our shares to NASDAQ is the right decision for our business,” said Drew Niv, CEO of FXCM. “We recognize all that the New York Stock Exchange has done for us over the last few years, and we look forward to our shares trading on NASDAQ.” (Original Source)
Shares of FXCM are currently trading at $9.16, down $0.02 or -0.22%. FXCM has a 1-year high of $24.77 and a 1-year low of $5.26. The stock’s 50-day moving average is $9.58 and its 200-day moving average is $10.36.
FXCM, Inc. engages in the provision of foreign exchange trading and related services to active retail accounts globally. It focuses on trading activities with counterparties which include brokers and dealers, futures commission merchants, banks, and other financial institutions.