Breaking: FXCM’s Share Prices Shed 50% of Market Value at Open

[kreslik.news]

Few FX brokers have had a more tumultuous ride over the past twenty-four hours than FXCM (NASDAQ:FXCM), which blindsided the industry yesterday with a surprise regulatory clampdown from the US’ National Futures Association and Commodity Futures Trading Commission (CFTC).

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The news has not been a welcome revelation for shareholders of FXCM’s stock, which plunged at the opening Tuesday during US trading. Having already been flirting with a 52-week low of $6.65, the company’s shareprices have now collapsed to $3.52 ... (read more)