FXCM Inc. informed about planned buyout of its Japan unit to brokerage house Rakuten Securities, Inc. for the sum of $62M. This step has been made after the critical drop of FXCM’s capital strength due to Swiss National Bank’s cap removal on EUR/CHF. The new owner informed that it will continue using FXCM trading system as most of its Japanese clients are accustommed to using it. All of them will be notified after the final agreement. This deal is estimated to be closed on April 1, 2015 and final purchase price is about to be based on FXCM Japan’s balance sheet on March 31. Yuji Kusunoki, the President of Rakuten Securities, stated: “We are delighted to invite FXCM Japan to Rakuten group. We believe that our combined capability will enhance our strategy to be the top FX service provider in Japan.”
Learn more about us at Forex Expo Bratislava in May 20-21, 2015.
Learn from Swissquote’s Peter Rosenstreich, Sberbank’s Vladimir Vano or ABAS FX’s Anton Bittner there.
Contact us at firstname.lastname@example.org