NEW YORK, Aug. 14, 2017 (GLOBE NEWSWIRE) -- FXCM Group, LLC, a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, today, has closed on the sale of its stake in FastMatch Inc.

Cash of $46.7 million was paid to FXCM on closing, with $8.7 million held in escrow subject to certain potential future adjustments. In addition, FXCM has a share of a $10 million earnout if certain performance targets of FastMatch are met.

FXCM's proceeds from the sale were used to repay debt owed to Leucadia, with $66.8 million outstanding.

"With the close of this deal we have made a significant step towards reducing the Leucadia debt,” said Brendan Callan, CEO of FXCM Group.

About FXCM Group, LLC

FXCM Group is a holding company of Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited (FXCM AU), and all affiliates of aforementioned firms, or other firms under the FXCM group of companies [collectively "FXCM"].