Is this the catalyst for other Forex brokers (Saxo Bank, Alpari, Oanda, FxPro???) looking to go public?
Leading 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 share price, Dec 2010-present. Source: Google Finance.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.