FXCM To Sell FXCM Japan Securities To Rakuten For About $62 Mln; Stock Up

(RTTNews) - FXCM Inc. (FXCM) a online provider of foreign exchange or FX trading and related services, announced that FXCM Holdings, LLC and FXCM Newco, LLC have signed a definitive agreement to sell FXCM Japan Securities Co., Ltd to Rakuten Securities, Inc., a subsidiary of Rakuten Inc. (RKUNF.PK), for a purchase price of about $62 million.

Rakuten Securities will continue to use the FXCM trading system for legacy FXCM Japan clients and will be notifying clients once the deal is finalized.

The transaction is expected to close on April 1, 2015, subject to customary closing conditions and the final purchase price will be based on FXCM Japan's March 31, 2015 balance sheet.

FXCM closed Tuesday's trading at $2.07. In Wednesday's pre-market trading, the company's shares are up $0.15 or 7.25 percent to $2.22.