Replies to post #16774 on Global Brokerage Inc. (GLBR)

[geocam]

FXCM Newco was formed to hold the non core collateral assets of FXCM holdings. All assets up for liquidation were put into FXCM newco.

The CitiFX acquisition is acquired by FXCM holdings. It can not be liquidated in the event of default. However, with FXCM increasing revenues, and selling non core assets, default is not even an issue.