FXCM completes sale of FXCM Securities to AS Expobank

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FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, today announced that it has completed its sale of FXCM Securities Limited., ("FXCM Securities") to AS Expobank ("Expobank"). This is a non-material disposition of one of FXCM's non-core assets. At this time the purchase price has not been disclosed. Following our report yesterday that FXCM Inc (NYSE:FXCM) had closed the sale of its regulated UK CFD arm FXCM Securities to Latvia’s AS Expobank – which had been exclusively reported on LeapRate back in July – LeapRate has learned that Expobank has plans for its new FCA regulated arm, including a name change to Walbrook Capital Markets.. FXCM Securities, a brokerage specializing in US-based online forex brokerage FXCM Inc has completed the sale of 100% of its UK subsidiary FXCM Securities to Latvia’s AS Expobank, the companies said in separate press releases. The value of the deal has not been disclosed. NEW YORK and LONDON, Dec. 02, 2015 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange (FX) trading and related services, today announced that it has completed its sale of FXCM Securities Limited., ("FXCM Securities") to AS Expobank ("Expobank"). This is a non-material disposition of one of FXCM's non-core AS Expobank has today issued a statement with regard to the completion of its acquisition of FXCM Securities Limited from FXCM Inc., a leading online provider of foreign exchange trading and related services. FXCM Securities was previously known as ODL Securities.

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