NEW YORK & HONG KONG--(BUSINESS WIRE)--FXCM Inc. (NYSE:FXCM) ("FXCM"), a leading online provider of foreign exchange trading, today announced it will join forces with CITIC Newedge Futures Co., Ltd. ("CITIC Newedge Futures", previously known as "CITIC Futures Brokerage Co., Ltd."), in a strategic partnership to open a new gateway for first-class forex platform in China. Starting July 12, the partnership will further FXCM’s footprints into China, allowing more traders to experience the wide spectrum of resources FXCM has to offer.
FXCM has chosen CITIC Newedge Futures as a partner based on their status as a key player in the Chinese futures market, their size and their massive business coverage. With this partnership, FXCM and CITIC Newedge Futures can seek strategic synergies in various aspects of their respective businesses. The partnership will fully leverage the industry expertise and business resources of FXCM and CITIC Newedge Futures, being one of the premiere futures companies in China (founded in 1993). A subsidiary of the NYSE-listed FXCM Inc. (NYSE: FXCM), one of the largest retail forex brokers in the world, will directly cooperate with CITIC Newedge Futures.
The partnership will lead to the formation of an investor-oriented educational platform, which will be of great benefit to CITIC Newedge Futures’ clients. Once the partnership begins, their clients will be able to take advantage of FXCM’s acclaimed resources in the foreign exchange industry, including trading seminars, training and professional-grade report. FXCM’s clients will also benefit from the partnership, thanks to CITIC Newedge Futures’ leadership in the Chinese futures market and its superior regional network and infrastructure.
“We are extremely delighted about our partnership with one of the largest and most well-established futures companies in China, a significant partnership that is mutually beneficial to both FXCM and CITIC Newedge Futures,” said Siju Daniel, managing director of FXCM’s Asia office. “FXCM is dedicated to helping investors learn forex and the foreign exchange market, and takes pride in offering a suite of award-winning educational resources to them—FXCM was recognized by Investment Trends as the broker with the best Online Education Materials in 2012. We believe that FXCM’s wealth of resources will create enormous value for CITIC Newedge Futures’ clients as well as all potential investors in mainland China.”
FXCM and CITIC Newedge Futures will officially sign a strategic partnership agreement on July 19 at CITIC Newedge Futures’ Shanghai headquarters. With Chinese investors driving increasing demand for knowledge on forex trading, the partnership between FXCM and CITIC Newedge Futures will turn a new page for investors on the mainland, giving Chinese traders exposure to a high standard of investor information resources.
For more information about CITIC Newedge Futures, please visit:
http://futures.ecitic.com/aboutus_en.php?tbaboutid=15
Key Dates:
Official Partnership Date of FXCM and CITIC Newedge Futures: July 12, 2013
Agreement Signing with Media Presence: July 19, 2013
About FXCM Inc.
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange, or FX, trading and related services to retail and institutional customers world-wide.
At the heart of FXCM's client offering is No Dealing Desk FX 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, offers Contract for Difference (“CFD”) products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with FX on one platform. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.
FXCM Inc., a publicly traded company listed on the New York Stock Exchange (NYSE: FXCM), is a holding company and its sole asset is a controlling equity interest in FXCM Holdings, LLC. Forex Capital Markets LTD is an indirect operating subsidiary of FXCM Holdings, LLC. All references to “FXCM” refer to FXCM Inc. and its consolidated subsidiaries, including FXCM Holdings, LLC and Forex Capital Markets LTD. High Risk Investment Warning: Trading foreign exchange and Contracts for Difference (CFDs) on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade these products offered by Forex Capital Markets, Limited ("FXCM") you should carefully consider your objectives, financial situation, needs and level of experience. Forex Capital Markets, Limited is authorised and regulated by the UK Financial Conduct Authority ("FCA") [Registration No. 217689]. FXCM maintains its registered office at Northern and Shell Building, 10 Lower Thames Street, 8th Floor, London EC3R 6AD. FXCM may provide general commentary without regard to your objectives, financial situation or needs. General advice given, or the content herein are not intended to be personal advice and should not be construed as such. The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. FXCM recommends you seek advice from an independent financial advisor.