Mr. William Ahdout submitted his resignation to FXCM from his position serving as a Director on the company's Board of Directors, effective immediately. Mr. Drew Niv submitted his resignation to FXCM from his positions serving as a Director and Chairman of the Board effective immediately. Mr. Niv will also resign as Chief Executive Officer, effective upon the selection and appointment of a successor. The Company feels it is important for Mr. Niv to stay in his position during this transition period and to serve as an advisor to the newly appointed successor to assure an orderly transition. The Company's Board, with the recommendation of the Board's Nominating and Corporate Governance Committee,
appointed Mr. Bryan I. Reyhani to serve as Chairman of the Company's Board of Directors. Ahdout to resign from The Board of Directors.
Global brokerage, Inc., formerly FXCM Inc. (FXCM), is engaged in providing online foreign exchange (FX) trading, contract for difference (CFD) trading, spread betting and related services. The Company owns over 50% of FXCM Group, LLC (FXCM Group). FXCM Group is a holding company of Forex Capital Markets LLC, (FXCM US), Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU). The Company focuses on providing global traders with access to market by offering trading tools, hiring trading educators. In addition, FXCM offers educational courses on FX trading and provides trading tools data and resources. FXCM Pro provides retail brokers, small hedge funds and market banks access to wholesale execution and liquidity, as well as providing high and medium frequency funds access to prime brokerage services through FXCM Prime.
GLOBAL BROKERAGE, INC. 