EX-99.1
2
s107178_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
FXCM
Group Closes on Sale of its
Stake
in FastMatch
NEW
YORK, August 14, 2017 --
FXCM Group, LLC ("FXCM Group" or
"FXCM")
, a
leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, today,
has closed on the sale of its stake in FastMatch Inc. ("FastMatch").
Cash
of $46.7 million was paid to FXCM on closing, with $8.7 million held in escrow subject to certain potential future
adjustments. In addition, FXCM has a share of a $10 million earnout if certain performance targets of FastMatch are
met.
FXCM's
proceeds from the sale were used to repay debt owed to Leucadia, with $66.8 million outstanding.
"With
the close of this deal we have made a significant step towards reducing the Leucadia debt", said Brendan Callan, CEO
of FXCM Group.
About
FXCM Group, LLC
FXCM
Group
is a holding company of Forex Capital Markets Limited, inclusive of all
EU branches (FXCM
UK), FXCM Australia Pty. Limited (FXCM
AU), and all affiliates of aforementioned firms, or other firms under the FXCM group
of companies [collectively "FXCM"].
FXCM
is
a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. The company's 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 trading tools proprietary data and premium resources. FXCM Pro provides
retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high
and medium frequency funds access to prime brokerage services via FXCM Prime.
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.
Jaclyn
Sales, 646-432-2463
Vice-President,
Corporate Communications
jsales@fxcm.com

EX - 99 . 1 2 s107178 _ ex99 - 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 FXCM Group Closes on Sale of its Stake in FastMatch NEW YORK , August 14 , 2017 -- FXCM Group , LLC ( " FXCM Group " or " FXCM " ) , a leading international provider of online foreign exchange trading , CFD trading , spread betting and related services , today , has closed on the sale of its stake in FastMatch Inc . ( " FastMatch " ) . Cash of $ 46.7 million was paid to FXCM on closing , with $ 8.7 million held in escrow subject to certain potential future adjustments . In addition , FXCM has a share of a $ 10 million earnout if certain performance targets of FastMatch are met . FXCM 's proceeds from the sale were used to repay debt owed to Leucadia , with $ 66.8 million outstanding . " With the close of this deal we have made a significant step towards reducing the Leucadia debt " , said Brendan Callan , CEO of FXCM Group . About FXCM Group , LLC FXCM Group is a holding company of Forex Capital Markets Limited , inclusive of all EU branches ( FXCM UK ) , FXCM Australia Pty . Limited ( FXCM AU ) , and all affiliates of aforementioned firms , or other firms under the FXCM group of companies [ collectively " FXCM " ] . FXCM is a leading provider of online foreign exchange ( FX ) trading , CFD trading , spread betting and related services . The company 's 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 trading tools proprietary data and premium resources . FXCM Pro provides retail brokers , small hedge funds and emerging market banks access to wholesale execution and liquidity , while providing high and medium frequency funds access to prime brokerage services via FXCM Prime . 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 . Jaclyn Sales , 646 - 432 - 2463 Vice - President , Corporate Communications jsales@fxcm.com