FXCM is changing name; the Chairman and the Director resigned
FXCM Inc. (NASDAQ:FXCM) (“FXCM” or the “Company”), today announced that it will change the Company’s name to Global Brokerage, Inc. and the trading ticker symbol will change to “GLBR” expected to be effective at the opening of trading on February 27, 2017. The Company’s Common Stock trades on the NASDAQ Global Market and the new CUSIP will be 37891B109.
Mr. William Ahdout submitted his resignation to FXCM from his position serving as a Director on the Company’s Board of Directors (the “Board”), effective immediately.
Mr. Drew Niv submitted his resignation to FXCM from his positions serving as a Director and Chairman of the Board effective immediately. Mr. Niv will also resign as Chief Executive Officer, effective upon the selection and appointment of a successor. The Company feels it is important for Mr. Niv to stay in his position during this transition period and to serve as an advisor to the newly appointed successor to assure an orderly transition.
The Company’s Board, with the recommendation of the Board’s Nominating and Corporate Governance Committee, appointed Mr. Bryan I. Reyhani to serve as Chairman of the Company’s Board of Directors.
At this time all parties have decided that it is in the best interests of the Company for Mr. Niv and Mr. Ahdout to resign from The Board of Directors.
Source: FXCM
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New name, same service?
New chairman and all that fines imposed… we will see
Please tell me they’ll change names and come back to the US market. Spreads and data feed are garbage for daytrading with Oanda.