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Screenshot of a breaking news alert e-mail from Q2 2017
Quick follow-up to our coverage yesterday of Gain Capital and FXCM’s Q1 results announcements. Seems as though investors were not impressed with the revenue declines and barely-there Q1 profits of both Forex.com’s parent company Gain Capital, as well as rival FXCM.
Gain Capital (NYSE:GCAP) is trading down about 16% today, sending its shares to below its IPO price of $9 for the first time since late last year.
FXCM (NYSE:FXCM) is down 3.5% today, after trading down 6% yesterday after its Q1 results were announced.