Breaking: Global Brokerage Faces Default if Delisted, Looking for Refinancing

[kreslik.news]

Global Brokerage Inc, the company that indirectly owns 37.3 percent of FXCM Group LLC, has announced its Q1 2017 results. The firm reported that its revenues amounted to $45.9 million, which is lower by 22 percent when compared to the same period last year.

The net loss of Global Brokerage for the quarter amounts to $24.5 million, compared to a net income of $61.9 million in the first quarter or 2016. The number includes the changes in derivative gains and liabilities that are associated with the January 2015 deal between FXCM Group LLC and Leucadia National.


Recently, the brokerage ... (read more)