FXCM Inc (FXCM) Shares Jump 10% on Partnership with PFSOFT


FXCM Inc (NYSE:FXCM) shares are trading up big today, after the company has announced their second partnership deal in the past five days.

The latest deal sees FXCM Inc (NYSE:FXCM) partnering with PFSOFT, which is a compay that develops trading software for retail brokers, banks and prime brokers. The company will now provide PFSOFT with market data as well as trade execution via FIX API.

It should be interesting to follow this partnership and see how it helps both companies involved.

“PFSOFT is excited to offer our partners a fully integrated feed from FXCM,” said Roman Nalivayko, Global Head of Business Development of PFSOFT. “Combining the Protrader solution with FXCM’s robust liquidity we have created one of the world’s leading trading solutions for FX and CFD brokers.”

The stock is up 10.22% or $1.39 following the news, hitting $14.99 per share. About 372,462 shares traded hands. FXCM has declined 14.47% since June 5, 2015 and is downtrending. It has underperformed the S&P500 by 8.61%.

The institutional sentiment decreased to 0.17 in Q2 2015. It’s down 0.32, from 0.49 in 2015Q2. The ratio dropped, as 24 funds sold all their FXCM Inc shares they owned while 22 reduced their positions. 1 funds bought stakes while 7 increased their total positions. Institutions now own 10.57 million shares which is 33.92% less than the previous share count of 16.00 million in 2015Q2.

Gagnon Securities Llc holds 0.07% of its total portfolio in FXCM Inc, equating to 168,518 shares. Municipal Employees' Retirement System Of Michigan owns 9,700 shares representing 0.01% of their total US portfolio. Moreover, Vanguard Group Inc has 0.01% of their total portfolio invested in the company, equating to 5.79 million shares. The New York-based American International Group Inc has a total of 0% of their portfolio invested in the stock. Bank Of America Corp De, a North Carolina-based fund reported 584,978 shares owned.

FXCM Inc. is an online provider of foreign exchange trading and related services. The company has a market cap of $80.60 million. The Firm offers access to over-the-counter (OTC) FX markets through its technology platform. It currently has negative earnings. In its agency model, when the Company’s customer executes a trade on the price quotation offered by its FX market makers, the Company acts as a credit intermediary simultaneously entering into offsetting trades with both the customer and the FX market maker.