Financial Position Remains Solid
Trading Platform Functioned Normally
Margins Remain Elevated
NEW YORK, June 24, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM) ("FXCM" or "the Company"), a leading online provider of foreign exchange (FX) trading and related services, announced that FXCM systems and operations functioned without any material adversity during Brexit.
“FXCM is happy with the risk management steps we took including our decision to gradually raise margins as we did heading into the vote,” said Drew Niv, CEO of FXCM. “The FXCM Trading Station operated normally throughout the Brexit market volatility and we are extremely pleased with our liquidity providers, our staff who worked through the night and our clients who continued to heed our warnings during these historical market movements.”
FXCM’s risk committee will continue to closely monitor and hedge the Company’s exposure, margins will remain elevated until we see the market return to more normal liquidity levels and we hope to relax margin requirements in the coming days.
About FXCM Inc.
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.
Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.
Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.