Confidence in FXCM remains strong as board member Ryan Silverman increases his shareholding to a value of $232,695

FXCM Inc (NYSE:FXCM) has most certainly held its position as a bastion of stability over the last year, with the company remaining in good condition despite the challenges faced since January’s move by the Swiss National Bank which removed the 1.20 peg on the EURCHF pair which resulted in unprecedented market volatility.

FXCM’s astute handling of the situation which ensued is testimony to its astute senior management, with the loan from Leucadia well on the way to being paid off, and the share prices back up at $9.14 after the company conducted a reverse stock split in September.

Today, further evidence of confidence among those in the know has been demonstrated, this time by board member Ryan Silverman who has purchased a series of shares in the company, upping his portfolio to 25,459 shares, which at today’s values is worth approximately $232,695.

Mr. Silverman, who co-owns financial consulting firm MSR Solutions in Palm Beach, Florida, joined the board of directors of FXCM in December 2010 and remains a member of the firm’s board, and has also been a non-executive director of FXCM Securities & Forex Capital Markets Limited in London, a position which he held between June 2011 and June 2012, therefore is most certainly au fait with the company’s global business.

On December 14 this year, as he enters his sixth year on the board at FXCM, Mr. Silverman purchased 1,709 units of class A common stock at $5.84 dollars per unit, a further 60 units of class A common stock at $5.85 per unit, as well as 2,480 units of class A common stock at $6.94 per unit, and 210 units of class A common stock at $6.97 per unit.

The increase in Mr. Silverman’s stake in the firm by 4,459 shares was effective from December 14.

Photograph: FXCM global headquarters, 55 Water Street, New York. Copyright Andrew Saks-McLeod