Global Brokerage? What’s in FXCM’s new name?

Maria Nikolova

FXCM’s change of name leaves the room open for questions, with respective domain names for GLBR up for sale and nine companies in New York state having “Global Brokerage” inside their names.

The fall in the share price of FXCM Inc (NASDAQ:FXCM) that followed the US regulatory actions against the company has given birth to a popular tweet: “FXCM is about to find oil if its shares keep drilling like that”.

Interestingly enough, the last couple of days did not witness such a sharp fall – in fact, on Friday, the shares closed slightly up (+1.82% on the day).

There are a couple of explanations for the change, which is not significant, of course. The first is that on Friday FXCM US’s client accounts were transferred to GAIN Capital’s Any M&A deal, albeit this transaction concerned only client accounts and not the share capital of FXCM Inc, usually triggers a rise in the share prices of the company whose business is acquired and a drop in the share prices of the acquirer. The latter reflects the fact that a merger may not be completed and the acquirer bears the risk for that. So, this is one of the simplest explanations for the small rise in FXCM’s share prices last Friday.

Another explanation would be that the market “bought” the name change announced on February 21, 2017. That is, the formal move had the effect of a psychological trick and psychological tricks do work in the market quite often.

We had a set of announcements from FXCM on February 21, 2017, with the company announcing that FXCM Inc will become “Global Brokerage Inc.” (as per the SEC filing) or Global Brokerage, Inc. (as per the press release). The name change, accompanied by a change in the ticker on Nasdaq is set to become effective today.

That choice of a new name raised some questions. For instance, if you change the name of your business, wouldn’t you buy the respective domain(s)? At the moment of publication of this article, and are up for sale. The same goes for If we dare to extend the check to addresses like or, the server returns error messages. Meanwhile, FXCM’s old sites are all active.

Considering the new name itself, the Delaware Government website shows that Global Brokerage Inc name is not available for reservation.

Further checks show that there are nine companies registered in the State of New York whose names feature “Global Brokerage”.

The two of interest to us – Global Brokerage Inc and Global Brokerage, Inc are inactive, as per information current through February 24, 2017.

We have yet to see how the name change move is executed by FXCM Inc (Global Brokerage Inc) but at this point, the official registers make the situation less clear instead of elucidating it.

Read this next

Industry News

Lindsay Lohan, Jake Paul, Soulja Boy, Kendra Lust, Ne-Yo, Akon charged by SEC in crypto fraud case

“Sun paid celebrities with millions of social media followers to tout the unregistered offerings, while specifically directing that they not disclose their compensation. This is the very conduct that the federal securities laws were designed to protect against regardless of the labels Sun and others used.”

Institutional FX

State Street to acquire CF Global Trading to enhance global outsourced trading service

“Our team has worked with our clients for 20+ years to develop a global, multi asset class execution platform with a focus on accessing liquidity, improving workflows and reducing costs.”

Digital Assets

BitGo taps Coincover to allow clients to store backup keys for wallet recovery

“There is no such thing as too secure. That’s why we have elevated our relationship with Coincover, to integrate the option of storing backup keys with Coincover for all BitGo’s coin offerings.”


Coinbase integrate with Brazil’s Pix payment network

Cryptocurrency exchange Coinbase has integrated the Brazilian government’s payment system Pix and started allowing users to top up and withdraw money from their accounts using Brazilian Real.

Retail FX

eToro integrates with TradingView charts

Israeli broker eToro has upgraded its social trading platform to integrate professional charting and trading platform TradingView.

Digital Assets

Eurex rolls out first Bitcoin index futures in Europe

Deutsche Börse’s derivatives-focused exchange, Eurex is looking to bring another level of diversification to cryptocurrency traders with the launch of Bitcoin index futures.

Digital Assets

Apex Group taps Crypto Finance for digital-asset infrastructure

Swiss fintech Crypto Finance, the crypto arm of German stock exchange operator Deutsche Boerse, has partnered with US-based financial services provider Apex Group to offer institutional-grade crypto products.

Digital Assets

OneCoin legal officer faces decades in jail for laundering proceeds

Irina Dilkinska, former head of legal and compliance of cryptocurrency scam OneCoin, is facing up to 40 years in prison for her participation in the massive fraud scheme.

Institutional FX

Alpha Group reports solid financials for 2022

Foreign exchange service provider Alpha Group International plc (AIM: ALPH) announced its results for the financial year ending December 31, 2022, which showed solid performance in terms of revenue and earnings growth.