Online trading company IG Group Holdings Plc said it had agreed to buy news and research portal DailyFX and its associated assets from U.S. retail broker FXCM Inc for $40 million. IG Group said the deal, which is expected to close by the end of October, would add about 5 million pounds ($6 million) to ongoing operating costs annually and add to earnings from IG's 2018 financial year. IG Group, which has over 152,600 active clients according to its website, said the deal would "significantly enhance" its ability to bring on new clients and improve the retention rates of current clients.
- GlobeNewswire•2 days ago
NEW YORK, Sept. 30, 2016-- FXCM Inc., a leading online provider of foreign exchange trading and related services, today announced that it has agreed to sell DailyFX, its news and research website to IG ...
FXCM Inc. (FXCM)
NasdaqGM - NasdaqGM Real Time Price. Currency in USD
|Bid||8.77 x 300|
|Ask||8.87 x 700|
|Day's Range||8.60 - 8.95|
|52wk Range||5.26 - 24.77|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||0.61|
|Avg Vol (3m)||46,312|
|Dividend & Yield||0.00 (0.00%)|