http://nobsforex.net/2007/12/06/fxcm-news-long-ridge-lehman-brothers-among-investors-agreeing-to-buy-35-of-fxcm/ A part of the nobs network Thu, 21 Aug 2008 22:51:47 +0000 http://wordpress.org/?v=2.2.2 http://nobsforex.net/2007/12/06/fxcm-news-long-ridge-lehman-brothers-among-investors-agreeing-to-buy-35-of-fxcm/#comment-1960 World of Forex Trading » FXCM News - Long Ridge & Lehman Brothers Among Investors Agreeing To Buy 35% of FXCM Fri, 04 Jan 2008 05:06:49 +0000 http://nobsforex.net/2007/12/06/fxcm-news-long-ridge-lehman-brothers-among-investors-agreeing-to-buy-35-of-fxcm/#comment-1960 [...] Jude wrote an interesting post today on Forex TradingHere’s a quick excerptNews came from Jaclyn, FXCM New York, December 3, 2007 — Today, Forex Capital Markets LLC (FXCM) announced that the Refco estate agreed to sell its 35% ownership interest in FXCM to Long Ridge Equity Partners (and affiliated entities) and Lehman Brothers. The financial terms of the transaction were not disclosed. The announcement of the sale was made today by Drew Niv, CEO of Forex Capital Markets LLC (FXCM), the Wall Street currency trader. “We are extremely pleased with the outcome of the auction,” said Niv, “and we look forward to Lehman Brothers and Long Ridge becoming shareholders in FXCM. We believe Lehman Brothers’ expertise in the global foreign exchange market and insight into growing our business will be extremely beneficial both for our company and for our clients.” Upon completion of the transfer of ownership: • FXCM will no longer have any financial connection or business relationship with the Refco estate; • Five investors, including […] [...] […] Jude wrote an interesting post today on Forex TradingHere’s a quick excerptNews came from Jaclyn, FXCM New York, December 3, 2007 — Today, Forex Capital Markets LLC (FXCM) announced that the Refco estate agreed to sell its 35% ownership interest in FXCM to Long Ridge Equity Partners (and affiliated entities) and Lehman Brothers. The financial terms of the transaction were not disclosed. The announcement of the sale was made today by Drew Niv, CEO of Forex Capital Markets LLC (FXCM), the Wall Street currency trader. “We are extremely pleased with the outcome of the auction,” said Niv, “and we look forward to Lehman Brothers and Long Ridge becoming shareholders in FXCM. We believe Lehman Brothers’ expertise in the global foreign exchange market and insight into growing our business will be extremely beneficial both for our company and for our clients.” Upon completion of the transfer of ownership: • FXCM will no longer have any financial connection or business relationship with the Refco estate; • Five investors, including […] […]

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