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Global Brokerage Inc (GLBR.OQ)

GLBR.OQ on NASDAQ Stock Exchange Capital Market

0.52USD
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Global Brokerage, Inc. Receives Approximately 78.5% Yes Votes To Move Forward With The Prepackaged Plan Of Reorganization
6:28am IST 

Dec 11 (Reuters) - Global Brokerage Inc ::GLOBAL BROKERAGE, INC. RECEIVES APPROXIMATELY 78.5% YES VOTES TO MOVE FORWARD WITH THE PREPACKAGED PLAN OF REORGANIZATION.‍BANKRUPTCY CASE IS EXPECTED TO TAKE NO LONGER THAN SIXTY DAYS; ALL VOTING CREDITORS VOTED IN FAVOR OF PLAN​.GLOBAL BROKERAGE - FILED A VOLUNTARY PETITION FOR REORGANIZATION UNDER CHAPTER 11 OF BANKRUPTCY CODE IN UNITED STATES BANKRUPTCY COURT.‍BANKRUPTCY CASE IS EXPECTED TO TAKE NO LONGER THAN SIXTY DAYS​.  Full Article

Global Brokerage Inc To Delist Common Shares From The Nasdaq Capital Market
Saturday, 9 Dec 2017 

Dec 8 (Reuters) - Global Brokerage Inc ::GLOBAL BROKERAGE, INC. TO VOLUNTARILY DELIST COMMON SHARES FROM THE NASDAQ CAPITAL MARKET.GLOBAL BROKERAGE - CO HAS NOT ARRANGED FOR REGISTRATION OF STOCK ON ANOTHER NATIONAL SECURITIES EXCHANGE.  Full Article

Global Brokerage Chief Accounting Officer, CFO to submit resignation
Saturday, 11 Nov 2017 

Nov 10 (Reuters) - Global Brokerage Inc :Global Brokerage-entered in restructuring support agreement to restructure obligations of co pursuant to plan of reorganization to be filed under chapter 11.Global Brokerage - current notes to be exchanged for equal amount of new series of senior secured notes due 5 yrs from co’s emergence from Chapter 11.Global Brokerage - FXCM Group is not involved with the Chapter 11 filing.Global Brokerage Inc - Board of Directors of Global Brokerage has also decided to reduce its size.Global Brokerage-David Sakhai, Eduard Yusupov to resign from board; decisions by Sakhai, Yusupov to resign are not result of any disagreement with co.Global Brokerage - Margaret Deverell, Chief Accounting Officer, Robert Lande, Chief Financial Officer to submit their resignation to the Board.  Full Article

FXCM reports monthly metrics
Wednesday, 15 Feb 2017 

FXCM Inc - : FXCM reports monthly metrics . Customer trading volume of $253 billion in January 2017, 18% higher than December 2016 . Says average customer trading volume per day of $12.0 billion in January 2017, 18% higher than December 2016 . An average of 488,917 client trades per day in January 2017, 15% higher than December 2016 and 18% lower than January 2016 . Says retail tradeable accounts of 106,206 as of January 31, 2017, an increase of 624, or 0.6% from December 31, 2016 .Retail active accounts of 132,008 as of January 31, 2017, a decrease of 448, or 0.3%, from December 31, 2016.  Full Article

IG Group tp buy DailyFX for $40 million
Friday, 30 Sep 2016 

IG Group Holdings Plc : Acquisition of dailyfx . On an annualised basis, it is expected that addition of dailyfx news and education-based marketing channel will add around £5 million to ongoing operating costs . Currently anticipated that this channel will generate a sufficient number of incremental active clients such that it will be earnings enhancing in IG's FY18 financial year, and will deliver increasing value beyond. . Has agreed, subject to final approvals, to purchase dailyfx, a leading global news and research portal, and its associated assets, from fxcm inc . Deal for a total consideration of $40 . It is anticipated that transaction will complete by end of october .Also expected that purchase price for assets will be amortised on a straight-line basis over 10 years.  Full Article

FXCM signs agreement to sell news, research website DailyFX for $40 mln
Friday, 30 Sep 2016 

Fxcm Inc : Says FXCM will continue to be an advertiser to u.s. And Canadian residents on DailyFX english version of website . FXCM inc says cash of $36 million will be paid to FXCM on closing, with additional $4 million to be paid on completion of certain migration requirements . Says FXCM signs agreement to sell news and research website DailyFX for $40 million .Says IG will receive entire DailyFX business including all international and domestic web domains, source code and content.  Full Article

Fxcm Inc says dismissal granted in SNB related securities class action lawsuit against FXCM and certain officers
Wednesday, 24 Aug 2016 

FXCM Inc : FXCM Inc says dismissal granted in SNB related securities class action lawsuit against FXCM and certain officers .FXCM Inc says plaintiffs were given thirty days to file an amended complaint, should they choose to do so.  Full Article

FXCM says issues statement on CFTC complaint
Friday, 19 Aug 2016 

FXCM Inc : FXCM issues statement on cftc complaint . FXCM inc says "snb event damaged world markets and damaged FXCM and its customers" . FXCM inc says "by close of business on january 15, 2015, FXCM customers lost approximately $225 million" . FXCM inc says regulators were fully apprised of capital shortfall and, within hours of snb event, cftc and nfa were on site at FXCM's offices .FXCM inc says "we also see no basis for cftc's claim that company improperly guaranteed customers that they would not lose money".  Full Article

CFTC sues Forex Capital Markets over prior capital shortfall, customer guarantees
Friday, 19 Aug 2016 

FXCM Inc : Cftc files lawsuit accusing forex capital markets llc of violations relating to capitalization levels, guarantees to customers . Cftc says forex capital markets in mid-January 2015 failed to maintain required adjusted net capital, with a $200 million shortfall . Cftc says forex capital markets failed to immediately notify it about the adjusted net capital shortfall . Cftc says forex capital markets on and before January 2015 improperly guaranteed customers it would spare them or limit losses . Lawsuit filed in Manhattan federal court seeks to impose civil fines, prevent future violations.  Full Article

FXCM Inc reported Q2 EPS $10.80 from continuing operations
Thursday, 4 Aug 2016 

FXCM Inc : Q2 revenue $70.6 million . Fxcm Inc. announces second quarter 2016 results . Q2 GAAP earnings per share $10.80 from continuing operations . Average retail customer trading volume per day of $13.4 billion in july 2016, 7% higher than june 2016 and 3% lower than july 2015 . Average institutional trading volume per day of $2.0 billion in July 2016, 23% lower than June 2016 and 25% higher than July 2015 .Retail customer trading volume of $281 billion in July 2016, 2% higher than June 2016.  Full Article

BRIEF-Global Brokerage, Inc. Receives Approximately 78.5% Yes Votes To Move Forward With The Prepackaged Plan Of Reorganization

* GLOBAL BROKERAGE, INC. RECEIVES APPROXIMATELY 78.5% YES VOTES TO MOVE FORWARD WITH THE PREPACKAGED PLAN OF REORGANIZATION