|Exchange:||New York Stock Exchange|
|FXCM Inc. was incorporated in Delaware on August 10, 2010. The Company is an online provider of FX trading and related services to over 165,000 retail and institutional customers globally. It offers its customers access to over-the-counter, or OTC, FX markets through its proprietary technology platform. The Company’s platform presents its FX customers with the best price quotations on up to 56 currency pairs from up to 17 global banks, financial institutions and market makers, or FX market makers, which provides its customers with an efficient and cost-effective way to trade FX. It utilizes what is referred to as agency execution or an agency model. When its customer executes a trade on the best price quotation offered by its FX market makers, it acts as a credit intermediary, or riskless principal, simultaneously entering into offsetting trades with both the customer and the FX market maker. It offers three types of accounts, each designed for a particular type of retail FX trader. It offers spot FX trading in up to 56 currency pairs. It offers its non-U.S. customers the ability to trade CFDs, which are agreements to exchange the difference in value of a particular asset such as a stock index or oil or gold contract, between the time at which a contract is opened and the time at which it is closed. It offers spread betting trading to its U.K. customers, which is where customers take a position against the value of an underlying financial instrument moving either upwards or downwards in the market. Trading Station II (TSII) is its proprietary flagship technology platform. TSII is designed to serve the needs of its retail FX customers, but also offers advanced functionalities often used by professional money managers and its institutional customers. TSII is a Windows-based platform with a wide variety of customization options for users to choose from including a choice of 16 languages. Active Trader Platform, also a proprietary technology platform, which is web-based, making it easily and quickly accessible by users without requiring a download. Meta Trader 4 (MT4) is a third-party platform built and maintained by MetaQuotes Software Corp, and it has licensed the rights to offer it to its customer base. FXCM Pro is its institutional level FX offering that allows banks, hedge funds, professional money managers and other such entities to trade anonymously, similar to an ECN. Some of the competitors of the Company are Gain Capital Holding LLC, Global Futures & FX, LLC, OANDA Corporation, Saxo Bank, CMC Group, IG Group Holdings plc, City Index Limited, TD Ameritrade, TradeStation, Interactive Brokers etc. The Company’s business and industry are highly regulated. The Company’s operating subsidiaries are regulated in a number of jurisdictions, including the United States, the United Kingdom (where regulatory passport rights have been exercised to operate in a number of European Economic Area jurisdictions), Hong Kong, Australia and Dubai.|
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