Stock Update (NYSE:FXCM): FXCM Inc Completes Sale of FXCM Securities to Expobank
FXCM Inc (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, today announced that it has completed its sale of FXCM Securities Limited., (“FXCM Securities”) to AS Expobank (“Expobank”). This is a non-material disposition of one of FXCM’s non-core assets. At this time the purchase price has not been disclosed.
FXCM Securities was FXCM’s brokerage specializing in exchange traded equities, futures, and options, which was acquired back in 2010 with FXCM’s acquisition of ODL Group Limited. (Original Source)
Shares of FXCM opened today at $6.49 and are currently trading up at $6.52. FXCM has a 1-year high of $172.50 and a 1-year low of $5.73. The stock’s 50-day moving average is $8.50 and its 200-day moving average is $10.86.
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.