FXCM, a global online provider of foreign exchange trading and related services, has priced its initial public offering of 15,060,000 shares of Class A common stock at $14 per share.

The shares began trading early this month on the New York Stock Exchange under the ticker symbol "FXCM," said a statement from Master Capital Group, an affiliate partner of FXCM and exclusive distributor of FXCM products in the Mena region.

The underwriters have been granted a 30-day option to purchase up to 2,259,000 additional shares of Class A common stock at the public offering price less the underwriting discount from FXCM if the underwriters sell more than
15,060,000 shares in the offering, it added.

Credit Suisse Securities (US), JP Morgan Securities and Citigroup Global Markets are acting as joint book-running managers of the offering.

Barclays Capital, Deutsche Bank Securities, Sandler O'Neill & Partners, LP and UBS Securities are acting as co-managers.-TradeArabia News Service