Global Brokerage Inc (NASDAQ:GLBR), which owns 50% of Retail FX broker FXCM Group, has filed its third quarter results with U.S. regulatory authorities indicating that it (as well as FXCM) saw Revenues decline by 11% from the second quarter, $44.0 million in Q3 versus $49.4 million in Q2. The company(ies) reported a Q3 net operating…
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Retail forex broker FXCM, and its parent company Global Brokerage Inc (NASDAQ:GLBR) each posted their most recent results yesterday, with both entities reporting what we consider to be decent performance, especially given the difficult conditions under which the companies have been operating. FXCM posted July FX trading volumes of $197 billion, 12% down from June but…
Read moreThe quarterly financial reports of retail forex broker FXCM Inc (NYSE:FXCM) have been increasingly difficult to decipher. On paper, FXCM just reported a $60.5 million net profit for Q2 on revenues of $70.6 million. Which looks great. However a number of accounting charges mask what is really going on. The highlights from our standpoint are: Revenues…
Read moreFull press release for FXCM's Q4 and full year 2013 results follows. Details and analysis to follow... The complete FXCM Q4 press release can be seen here. FXCM Inc. Announces Fourth Quarter 2013 and Full Year 2013 Results Record 2013 Revenues and EBITDA Releases February 2014 Monthly Operating Metrics Full-Year 2013 Highlights:• Full year U.S.…
Read moreForex.com's parent company is now up 37% since releasing Q2 results, and up 89% for 2013. At the risk of repeating ourselves too much over the past few days and weeks, we still feel it important to point out that forex broker Gain Capital saw a second day in a row of strong demand for…
Read moreFXCM July Forex volumes remain steady, unlike the double-digit declines we've seen at the Forex ECNs. Leading retail FX firm FXCM, the world's largest online FX broker (and a member of LeapRate's Approved List of global regulated forex brokerage firms), announced its July trading activity levels as well as Q2-2012 results, with both impressing. July…
Read more...following weak results posted by rival Gain Capital (Forex.com).
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