Global Brokerage Inc. (GLBR)

[rocco2]

FXCM has a number of non-core assets that may be sold to repay debt

Entity FXCM Valuation noates
ownership

FXCM Japan 100% $22M in net cash on balance sheet
$6.0M in Adjusted EBITDA(1) in 2014

FXCM HONG KONG 100% $28M in net cash on balance sheet
(includes net amounts due from
customers for open trades)
$2.5M in Adjusted EBITDA(1) in 2014

Fast Match 35% Hotspot (a competitor to Fast Match)
was sold by KCG in January 2015 for
$365M in cash and contingent tax
payments up to $70M

LUCID 50.1% $192M investment by FXCM in 2012
$75M in distributions to FXCM to date
$31M in Adjusted EBITDA(1) in 2014


V3 50.1% $16M investment by FXCM in 2014
$15M from FXCM for trading collateral



FXCM Securities 100% $1.5M in 100% Adjusted EBITDA(1) in 2014
(UK)
(Equities Business)


Potential sale proceeds and freeing up capital in excess of $250 million


We have decided to exit the Japanese and Hong Kong retail markets -

“We have multiple bids for each subsidiary and are seeing significant competition for these properties. We are in active discussions to select the best bid and move towards closing in the near future" Drew Niv

$ FXCM $