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FXCM Shares Back Up To IPO Price – Will More Forex IPOs Follow?

|Includes:Ameriprise Financial, Inc. (AMP), AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, JPM, LUK

Is this the catalyst for other Forex brokers (Saxo Bank, Alpari, Oanda, FxPro???) looking to go public?

FXCM wh logoLeading global retail FX broker FXCM, a member of LeapRate's Approved List of regulated FX brokers, hit a major milestone on Monday when its share price on the NYSE rose to exceed its December 2010 IPO price for the first time in about a year and a half.

Since FXCM announced its Q4 results and February volumes last week, FXCM stock has rallied 3% to now sit at $14.07 per share. FXCM went public in December 2010 at $14 per share.

FXCM shre pr

FXCM share price, Dec 2010-present. Source: Google Finance.

How will this affect the rest of the Retail FX brokerage industry? For more details see LeapRate's Forex Industry News at leaprate.com.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

Is your Forex firm LeapRate Approved v4

Stocks: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, LUK, JPM