Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SQUEEEEZEEEEEE!!!!!!!!
Volume Its about to go NUTS. RELEASE THE BEAST!!!!!FXCM
SQUEZZE TIME SHORTS!!!!
You got it right. I'll enjoy the greedy short groups get burned. LFOL
This is incorrect. Refer to article 17 of the loan agreement. If loan is repaid within 3 years Luc goes away. Also there is a post from a verified FXCM moderator which I posted before confirming this. Also FYI. All City accounts transferred to FXCM were transfer to FXCM Holdings and are not part of the collateral hold on Newcom. FACTS
Yes better do the math again. Do you even know how many millions FXCM makes per month? LFOL
Whaaattt? Are you nuts?
I ll check out how your puts are doing on Friday Crusen. Waaaahaaahaaa
30 billion average per month added I most say. Cachinnnnn
To da mooonnnnnn. FXCM just added 30 billion $ average volume to their books. Weeeeeeerr
Hahahahaha. I told you yesterday to comeback this morning. I'll keep my promise to comeback on Friday and see how your puts are doing. My 50k $ from Friday looking good today. See you on Friday. LFOL. To da moooooonnnnnnnnnnn. Just the beginning. Stay PUT
To da moonnnnnn
30 billion $ volume per month as per 8K
8k released on Friday afternoon overlooked by many where 30 billions $ volume was transferred from City's client book to FXCM. Worth noting all this increased client accounts will not be part of the loan collateral temporary on Newcom until loan is repayed in full. Its part of holdings and its HUGE NEWS for shareholders. Look at my past posts for more info. Cheers!!! My 50K$ from Friday looking good today.
One last post for the night just to say to da mooooooooonnnnnnnnnn:)))
Agree. Should be fun to watch the shorts slaughter as they all rush to cover
See you at the Bell bitc()$&s
Can't wait for the follow up to the 8k from FXCM. I can see the headlines, CITY transfers 30 billion $ volume client's book to FXCM as part of the settlement agreement to avoid further fines on FX manipulation scandal. Barclays is next.....
Massive short squeeze starting tomorrow folks. Stay tuned and Crusen stay "PUT". I'll come back on Friday to see how your PUTS are doing. LFOL. Bulls season premiere on the new episode back to blue skies.
I specially enjoyed this City ducking up statement
.....Citi Issues a Response
In an exclusive statement to Finance Magnates, Citi has confirmed its “strategic decision” to sell its Margin FX business, including the CitiFX Pro and TradeStream offerings, to FXCM and Saxo Bank.
“We believe this transaction is in the best interest of Citi’s Margin FX clients, who will experience a seamless transition to seasoned online retail specialists that can skillfully service their needs,” they added. The sale is expected to be completed in the second quarter......
http://www.financemagnates.com/forex/brokers/exclusive-fxcm-and-saxo-bank-acquire-citigroups-citifx-pro-client-book/
Back in April, Finance Magnates reported that Citigroup was about to sell its $30 billion a month margin FX trading business, CitiFX Pro. Finance Magnates can now confirm that buyers of the client book are two international retail brokers, FXCM and Saxo Bank. FXCM’s UK and US entities will take over clients of Citi’s respective regions, while its Singaporean business will be transferred to Saxo Bank.
FXCM will assume the vast majority of margin foreign exchange (FX) accounts of CitiFX Pro from Citibank N.A. and Citibank International Limited (Citibank) via its US subsidiary Forex Capital Markets LLC (FXCM US) and UK subsidiary Forex Capital Markets Limited (FXCM UK).
Starting at the end of next month, CitiFX Pro accounts outside Singapore will be transferred to their corresponding entity in FXCM. According to the firm, CitiFX Pro accounts traded over $30 billion on average a month during 2014.
CitiFX Pro clients will be transitioned to FXCM’s comparable trading solutions and parameters either on the broker’s own Trading Station, the MT4 Platform, or APIs according to their current settings and needs.
According to Drew Niv, CEO of FXCM, in a recent statement on the acquisition, “We are dedicated to provide CitiFX Pro customers with the customer service, technology, and security they have come to expect. We feel honored to be chosen by Citibank as the new home for these customers.”
The financial terms of the transaction were not disclosed at this time.
Saxo Bank in Focus
Saxo Bank will get the client book of Citigroup’s margin FX business in Singapore. To simplify the process for clients interested in moving, the Danish broker has created a dedicated landing page.
The firm highlighted the ongoing partnership with Citi. “Saxo Bank has been proud to facilitate trading on CitiFX Pro since 2007,” said Claus Nielsen, Head of Markets at Saxo Bank A/S.
“It was a breakthrough initiative for Saxo when we first partnered up with Citi. We are pleased that the partnership has been a great success for both parties and respect that Citi has taken a strategic decision to sell its Margin FX business.”
“We are looking forward to offering the CitiFX Pro clients moving to Saxo not only continuity of service in the full range of currency pairs on the same award-winning platform they are accustomed to, but also to enhancing their client experience by providing investment diversification possibilities via our multi-asset, cross-collateralized, single account offering. The CitiFX Pro clients moving to Saxo will also get access to our new SaxoTraderGO platform, which offers more interactive charting capabilities as well as seamless transition of trading activity between all mobile and desktop devices,” he added.
Citi Issues a Response
In an exclusive statement to Finance Magnates, Citi has confirmed its “strategic decision” to sell its Margin FX business, including the CitiFX Pro and TradeStream offerings, to FXCM and Saxo Bank.
“We believe this transaction is in the best interest of Citi’s Margin FX clients, who will experience a seamless transition to seasoned online retail specialists that can skillfully service their needs,” they added. The sale is expected to be completed in the second quarter.
This is proof of some groups heavily shorting FXCM. Funny they don't mention the 8K on Friday. I suspect panic covering to morrow and huge squeeze baby.
http://stks.co/t28hX
The train is living the station tomorrow choo choo weee. Special tickets for a VERY limited time only. LOL. I am gonna enjoy the trip Crusen. Will you? LFOL
To da moon tomorrow Crusen waaaaahaaaahaaa. Come here early tomorrow and you'll get the picture. Cachinnn. For the record I added 50k$ to my core after I saw that 8k issued by FXCM. You didn't get the memo? TIP: FXCM has just added 30 billion $ on Volume doubling their revenue stream. By the way the City's client book will not be part of the collateral temporary on Newcom, if you read carefully. Cachinn Tip tip cachinn$$$$$$$$. Come back tomorrow. It will be just the start tip tip tip cachin to da moooooooonnnnn$$$$$$$$$$$$&$&
Count down started.
.....In the filing, FXCM said that after the close of trading on Friday, June 26, "accepted CitiFX Pro" accounts will be transferred....
http://www.cnbc.com/id/102702413
I just hope folks realized that FXCM has just doubled their revenue stream with those 30 billion $ volume transferred from City's book. The best part is that 8k went out Friday under the radar and the chatter is on now on all the social media sites and forums. Poor shorts, caught up with their pants down. LFOL
Now I'll go and enjoy a nice wine!!!!
Have a great long weekend ( not so great for shorts) bitche&$$$.
Finally the same City crooks are selling pretty much all their forex accounts to FXCM and the bank.
Settlement for manipulation misconduct??? Karma???? Who knows. Oh boy, next week will be fun. FXCM to da moon$$$$$$$$$
Item 8.01 Other Events.
On May 21, 2015, FXCM Inc. (“FXCM”) announced that, on May 19, 2015, its U.S. subsidiary, Forex Capital Markets LLC, and U.K subsidiary, Forex Capital Markets Limited, agreed to assume the vast majority of margin forex accounts of CitiFX Pro from Citibank N.A. and Citibank International Limited, which traded over $30 billion on average a month during 2014.
After the close of trading on Friday, June 26, 2015, accepted CitiFX Pro accounts will be transferred to the corresponding FXCM entity. CitiFX Pro clients will be transitioned to FXCM’s comparable trading solutions and parameters either on Trading Station, the MT4 Platform, or APIs according to their current settings and needs.
Interesting also how both City and Barclays ( two of the crooks downgrading FXCM to ridiculous pps) pleaded guilty to Forex manipulation and faced millions of dollars in fines.
The waters are clearing for FXCM. Soon enough the truth will be known and the savvy investors will be rewarded. The crooks like city and barclays will pay dearly.
http://www.ft.com/cms/s/0/23fa681c-fe73-11e4-be9f-00144feabdc0.html#slide0
............Four banks also agreed to plead guilty to conspiring to fix prices and rig bids in the $5.3tn a day forex market, in what they hope will draw a line under one of the biggest cases of misconduct in banking since the global financial crisis.
Announcing the settlement, the US Department of Justice said that between December 2007 and January 2013, traders at Citigroup, JPMorgan Chase, Barclays and Royal Bank of Scotland who described themselves as “The Cartel” used an exclusive chatroom and coded language to manipulate benchmark exchange rates, “in an effort to increase their profits”.............,
http://www.ft.com/cms/s/0/23fa681c-fe73-11e4-be9f-00144feabdc0.html#slide0
Now I wouldn't be surprised if City on his clear criminal attempts to manipulate FXCM stock had come to an agreement with FXCM to transfer all their forex accounts to FXCM for a bargain and avoid and scandal and millionaire fines like the ones they are facing for the same manipulation issues. Karma is a bit$&@ City.
Interesting also the use of the world collateral by the verified FXCM broker on his comments and on section 7.15 from the loan agreement pasted also below.
To clarify, the collateral for the Leucadia loan is ownership of FXCM's operations, not the money in client accounts. As I mentioned previously, our plan is to repay the loan with proceeds from the sale of non-core assets. However, if for any reason, we were unable to repay the loan on schedule, Leucadia would own the stock of the company and could sell it. That still would not let them take client funds.
Read more: http://forums.babypips.com/fxcm/71953-will-fxcm-around-3-years-leucadia-loan-terms.html#ixzz3b6LQgv1m
And here is a clause from the loan agreement bashers and shorts don't want you to know and where the word collateral is used as well. The collateral is transferred back if all obligations of the loan are met which the company plans to do in less than 1 year and indeed is ahead of schedule on his obligations......
7.15 Termination . At such time as the Secured Obligations shall have been Paid in Full, the Collateral shall be released from the security interest created hereby, and this Security Agreement and all obligations (other than those expressly stated to survive such termination) of the Administrative Agent and the Debtors hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to the Debtor. At the request and sole expense of the Debtors following any such termination, the Administrative Agent shall deliver to the Debtors any Collateral held by the Administrative Agent hereunder, and execute and deliver to the Debtors such documents as the Debtors shall reasonably request to evidence such termination.
Interesting to note the use of the word "IF" on this
"if" for any reason, we were unable to repay the loan on schedule, Leucadia would own the stock of the company and could sell it...
http://stks.co/i2PUr
For those who don't understand collateral on a loan agreement here are some comments from a verified FXCM broker........
.....To clarify, the collateral for the Leucadia loan is ownership of FXCM's operations, not the money in client accounts. As I mentioned previously, our plan is to repay the loan with proceeds from the sale of non-core assets. However, if for any reason, we were unable to repay the loan on schedule, Leucadia would own the stock of the company and could sell it. That still would not let them take client funds.
If client accounts were at risk from the loan, then regulators would never have allowed that money to be counted as capital for the firm. It's worth noting that FXCM is in compliance with all regulatory capital requirements in the jurisdictions in which we operate. The financing we received from Leucadia has strengthened our balance sheet and gives us the opportunity to grow our core business......
Read more: http://forums.babypips.com/fxcm/71953-will-fxcm-around-3-years-leucadia-loan-terms.html#ixzz3b6IOQAK6
I don't care about a week. I am heavily invested for the long haul and I've done plenty of DD. The news might trigger a short squeeze next week, and it might not. I am not selling a single share until I see double digit pps anyways. City was saying FXCM was worth half the current pps, funny now that FXCM is taking over 30 billion $ volume from their clients and even city recognize they are best suited to serve their clients. Isn't that ironic?? LOL. Anyways I only invest what I can afford to lose. Life is a gamble but I like to make educated gambling decisions. Strong long FXCM. To da moonnn. Weeeee!!!!
It looks more like the CC on the sinking end and the LP on the others. LFOL.
There was an 8K filing on Friday but no official PR, and a lot of potential investors might be kicking them-self for not picking up that 8K. All I know is I added 50k $ on Friday and looking forward to next week. The best part for me is City selling pretty much all their forex accounts and acknowledging publicly that FXCM is best suited to take care of their clients. Karma is a bitc$&@. GLTY
Yes Me days are coming next week!!!
Tuesday going back to 14$. Hilarious!!!!!Weeeee
Item 8.01 Other Events......
On May 21, 2015, FXCM Inc. (“FXCM”) announced that, on May 19, 2015, its U.S. subsidiary, Forex Capital Markets LLC, and U.K subsidiary, Forex Capital Markets Limited, agreed to assume the vast majority of margin forex accounts of CitiFX Pro from Citibank N.A. and Citibank International Limited, which traded over $30 billion on average a month during 2014.
After the close of trading on Friday, June 26, 2015, accepted CitiFX Pro accounts will be transferred to the corresponding FXCM entity. CitiFX Pro clients will be transitioned to FXCM’s comparable trading solutions and parameters either on Trading Station, the MT4 Platform, or APIs according to their current settings and needs.....,,,
Weeeeeeeee. Next week gonna be fun. TUESDAYYYY. I am from Canada and forgot Monday is a holiday on the US. TUESDAY IT IS. TO DA MOOOOOONNN$$$$$$$$$$$$$$$$$
Waoo this huge. 30 billions on trade volume. FXCM to da mooonnnn Monday!!! Whohooo