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FXCM Japan acquired Foreland Forex for $17 million

Oct 14 2011
By
Forexbrokerz.com

FXCM Inc , a leading online provider of foreign exchange, trading and related services worldwide, today announced that its subsidiary FXCM Japan Securities Co., Ltd. has completed its acquisition of Japanese FX broker Foreland Forex Co., Ltd.  for approximately $17 million, net of cash and liquid assets acquired.

 
The acquisition of Foreland forex was announced a month ago.
 
"We welcome the Foreland clients to the FXCM family and are confident that they will benefit from FXCM's premier trading technology and execution along with the many other resources FXCM has to offer its clients," said Drew Niv, CEO of FXCM Inc.
 
"Foreland will more than double our size in Japan," he continued. "After onetime restructuring costs in the fourth quarter 2011, we believe we will see significant synergies through integration with our existing operations. At approximately two times the estimated 2012 EBITDA contribution, we believe this transaction represents compelling value."
 
FXCM Japan offers clients the benefit of FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs on our flagship and award winning platform FXCM Trading Station. Clients are able to trade forex, oil, and gold, silver and stock indices with FXCM. Additional advantages include mobile trading, one-click order execution and trading from real-time charts. FXCM offers clients the ability to place stops and limits freely and allow traders to customize them for every ticket. FXCM supplies over 600 custom indicators and permits clients the ability to build their own.
 
About FXCM Inc.
 
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide.
 
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution, and trading from real-time charts. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
 
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Read full risk disclaimer.
 
Unless otherwise noted, all references to "FXCM" refer to FXCM Inc. and its consolidated subsidiaries.
TAGS: fxcm  Foreland Forex  forex broker  acquisition  japan 

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