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…
Read moreFXCM has released a formal statement on its purchase of FXDD's US client base, which apparently included $27 million of client funds spread over 7,000 active trader accounts. The statement follows:
Read moreFXCM's retail FX volume metrics of $290 billion and institutional $200 billion mark a strong month for FXCM. Industry-leading retail forex broker FXCM (NYSE:FXCM) reported that in March it saw retail FX trading volumes of $290 billion, down 5% from February, but made up for it with its second strongest ever showing among institutional traders,…
Read moreChina has become the focus of the majority of FX firms over recent years, and despite the difficult entry barriers, many have succeeded, resulting in demand for Chinese currency China is often viewed by many FX industry participants as a treasure trove with a very securely locked door. Indeed, there is a very large potential…
Read moreRomersa retired from FXCM before its 2010 IPO, but remains an important shareholder. LeapRate has learned, via filings made with the U.S. Securities and Exchange Commission (SEC), that former FXCM (NYSE:FXCM) senior executive Michael Romersa has sold about $8.8 million worth of his FXCM shares over the past several days. Romersa was Chief Dealer of…
Read moreInvestment Trends sees MT4 use grow, but overall Australia FX market size shrink somewhat in 2013 as volatility wanes. Research firm Investment Trends has released its sort-of-annual December 2013 Australia FX Report about is own home market, and it has some interesting findings. Overall, IT has found that The number of Australian FX traders fell by…
Read moreUS retail FX stalwart FXCM declared record performance for 2013. Can this be sustained in 2014? Despite a stellar performance during the last year, FXCM yesterday reported a month-on-month decline in trading volumes as detailed by LeapRate, with the company's trading volumes having begun to wane as the second month of 2014 drew to a…
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 moreFXCM bought 50% of institutional FX market maker Lucid in 2012 for $176 million, paid mainly in FXCM stock. LeapRate Exclusive.... LeapRate has learned, via a series of filings made with the U.S. Securities and Exchange Commission (SEC), that Lucid Markets principal Matthew Wilhelm has sold about $8.6 million worth of FXCM shares during the…
Read moreHighest volume metrics numbers since July could be spelling more growth ahead One of the market leaders when we talk about forex brokerages - FXCM (NYSE:FXCM), has reported on the state of its order books in the first month of 2014 and the results are rather steady. Retail FX volumes at the brokerage were up…
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