GCAP up 21%, FXCM up 6% to a new all time high after Q2 results and metrics released on Wednesday. Why? Margins. Leading US forex brokers FXCM and Gain Capital reported Q2 results on Wednesday, and the stock market seems to have liked both. With both brokers reporting record volume metrics in April-May-June, the stellar…
Read moreGain is finally beginning to see nice returns from its Gain GTX institutional business. We had already reported on Gain Capital's (nice!) Q1 results, which were pre-announced by Gain two weeks ago when Gain rejected FXCM's hostile takeover bid, and instead announced its own acquisition of GFT. Nevertheless, we did learn some new things about…
Read moreGain Capital also faces shrinking margins in its key retail FX business. U.S.-based retail Forex broker Gain Capital (Forex.com) reported its Q4 results today, and they were not pretty. Gain reported its largest quarterly net loss as a public company, $4 million (left chart below), and an EBITDA loss of $5 million, also a quarterly…
Read moreHurricane Sandy causing all sorts of capital markets problems... As we wrote earlier was likely to happen, Gain Capital (Forex.com) formally announced that it will not be releasing its Q3 results today (Tues Oct 30), but rather will come out with Q3 numbers after close of the markets on Thursday (Nov 1). Gain Capital, at…
Read moreStock market is valuing Gain Capital at just $22 million!
Read moreStock market is valuing Gain Capital at just $22 million!
Read moreGain Capital shares fall to lowest level since IPO.
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