FXCM Withdraws Proposal to Acquire Gain Capital
NEW YORK -- April 25, 2013
FXCM Inc. (NYSE: FXCM) today announced that in light of the recent
announcement by GAIN Capital Holdings, Inc. (“GAIN”) of a definitive agreement
to purchase Global Futures and Forex, Ltd. (“GFT”), FXCM is withdrawing its
previously announced proposal to merge with and acquire GAIN.
“The cash consumed in the acquisition of GFT fundamentally impacts the balance
sheet and capital synergies that were an important driver behind our
proposal,” said Drew Niv, Chief Executive of FXCM.
Disclosure Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, which reflect FXCM Inc.'s current views with respect to, among
other things, its operations and financial performance for the future. You can
identify these forward-looking statements by the use of words such as
"outlook," "believes," "expects," "potential," "continues," "may," "will,"
"should," "seeks," "approximately," "predicts," "intends," "plans,"
"estimates," "anticipates" or the negative version of these words or other
comparable words. Such forward-looking statements are subject to various risks
and uncertainties. Accordingly, there are or will be important factors that
could cause actual outcomes or results to differ materially from those
indicated in these statements. FXCM Inc. believes these factors include but
are not limited to evolving legal and regulatory requirements of the FX
industry, the limited operating history of the FX industry, risks related to
the protection of its proprietary technology, risks related to its dependence
on FX market makers, market conditions and those other risks described under
"Risk Factors" in FXCM Inc.'s Annual Report on Form 10-K and other SEC
filings, which are accessible on the SEC website at sec.gov.
These factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included in this
presentation and in our SEC filings. FXCM Inc. undertakes no obligation to
publicly update or review any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as required by
About FXCM Inc.
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex)
trading and related services to retail and institutional customers world-wide.
At the heart of FXCM's client offering is No Dealing Desk forex trading.
Clients benefit from FXCM's large network of forex liquidity providers
enabling FXCM to offer competitive spreads on major currency pairs. Clients
have the advantage of mobile trading, one-click order execution and trading
from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited,
also offers CFD products with no re-quote trading and allows clients to trade
oil, gold, silver and stock indices along with forex on one platform. In
addition, FXCM offers educational courses on forex trading and provides free
news and market research through DailyFX.com.
Trading foreign exchange and CFDs on margin carries a high level of risk, and
may not be suitable for all. Read full disclaimer.
Jaclyn Klein, 646-432-2463
Vice-President, Corporate Communications
email@example.com or firstname.lastname@example.org
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