FXCM Inc aka Global Brokerage Inc shares start trading under new ticker on NASDAQ

Maria Nikolova

FXCM Inc, aka Global Brokerage Inc, Class A Common Stock now trades under GLBR ticker on NASDAQ.

Global Brokerage Inc, formerly FXCM Inc, has its shares trading on NASDAQ under a new ticker – GLBR, effective as of today, February 27, 2017, at the opening of US market.

FXCM Inc initially unveiled its plans to rename to Global Brokerage Inc on February 21, 2017. That same day, the decision by the National Futures Association (NFA) to prohibit the broker and three of its principals from membership became effective. Along with the change of the name, the trading ticker symbol of FXCM Inc, aka Global Brokerage Inc, changes to “GLBR”, effective at the opening of trading today, February 27, 2017. FXCM’s Common Stock trades on the NASDAQ Global Market and the new CUSIP will be 37891B109.

Earlier today, the Investor Relations’ section of the broker’s website displayed the new logo of the company with its new name. The broker also published a SEC filing, including a scanned copy of an announcement by the Secretary of State of the State of Delaware, dated February 24, 2017, showing that the name “FXCM Inc” was changed to “Global Brokerage, Inc”.

Today also brought a long awaited piece of news from Leucadia National Corp. (NYSE:LUK), which back in January 2015 extended a $300 million lifeline to FXCM Inc, as the broker had to tackle the impact from the “Black Swan” events. In its financial report, Leucadia said that its maximum exposure to loss as a result of its involvement with FXCM was equal to the sum of the carrying value of the term loan ($164.5 million) and the investment in associated company ($336.3 million), which stood at $500.8 million at December 31, 2016.

At the end of last year, Leucadia had a 49.9% membership interest in FXCM and up to 65% of all distributions. Leucadia does not hold any interest in FXCM Inc., aka Global Brokerage Inc, the publicly traded company. Leucadia owns 49.9% in FXCM Group, LLC, and its senior secured term loan is also with FXCM Group, LLC, a holding company for all of FXCM Group, LLC’s affiliated operating subsidiaries.

There were no rescue announcements regarding FXCM in Leucadia’s report and letter to shareholders today. Instead, Leucadia admitted it was uncertain of the full extent of the consequences of the recent settlement between the US regulators and FXCM.

Read this next

Digital Assets

BlackRock digs further into crypto with metaverse ETF

BlackRock, the world’s largest asset manager with almost $10 trillion in AUM, is set to launch a new metaverse ETF to help investors securely monetize on the booming immersive version of the internet.

Digital Assets

Binance wins license in New Zealand as rival Huobi shutters derivatives

Binance, the world’s largest crypto exchange by traded volume, has obtained licenses to operate in New Zealand, even after rival Huobi shutdown derivatives trading last month due to concerns about regulations.

Retail FX

Hong Kong busts perpetrators of ‘ramp and dump’ scam

Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), has charged thirteen suspects of market manipulation in a joint operation with the local police.

Institutional FX

TradingView integrates market data from German Tradegate exchange

TradingView announced that it ‎has increased data coverage to allow its users to receive information from ‎and get free access to the intra-day and tick data from Tradegate Exchange.

Retail FX

Spotware Systems introduces Custom Push Notifications for cTrader mobile apps

Spotware Systems, a technology provider for the electronic trading industry, is introducing a new push notification feature to alert mobile users of price swings and market fluctuations through their cTrader app.

Market News

The Week Ahead: 30 September from David Madden, Market Analyst at Equiti Group

Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.

Inside View

How does the quality of signal providers affect your business?

A must-have onboarding process for brokers with investment services like PAMM, MAM, or copy trading


DBS deploys Nasdaq Trade Surveillance

“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored on our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure.”

Industry News

SEC charges Justin Costello and David Ferraro for securities fraud and posing as billionaire veteran

The Securities and Exchange Commission charged Cannabis executive Justin Costello and David Ferraro, an associate of Costello’s, for promoting the stock of several microcap companies on social media without disclosing their own simultaneous stock sales as market prices rose.