FXCM posts decent Q2 results, healthy July FX volumes

August 10, 2017 BY LeapRate Staff

FXCM posts decent Q2 results, healthy July FX volumes - and is in big trouble

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…

August 09, 2017 BY LeapRate Staff

Exclusive: GAIN Capital total bill for FXCM US client purchase: $6.96 million

LeapRate Exclusive... LeapRate has learned via regulatory filings that the total amount paid by Forex.com parent company Gain Capital Holdings Inc (NYSE:GCAP) for the US clients of FXCM was $6.96 million. Back in February, the FXCM operating unit of Global Brokerage Inc (NASDAQ:GLBR) was forced into a quick fire-sale of its US operations, after the…

August 04, 2017 BY LeapRate Staff

GAIN Capital Q2 revenues increase 65% as cost cutting and FXCM US acquisition drive results

After a worrisome first quarter in which Revenues plummeted to their lowest level since early 2013, global FX brokerage house Gain Capital Holdings Inc (NYSE:GCAP) has reported a much better set of results for Q2-2017. Overall, Revenues at GAIN Capital increased by 65% over Q1 to $98.1 million, much more in line with what the company…

August 03, 2017 BY LeapRate Staff

Exclusive: AFX Group hires FXCM and Alpari veteran Lisa Murphy as COO of its Quantic Prime unit

LeapRate Exclusive... LeapRate has learned that global investment services provider AFX Group has hired seasoned FX industry executive Lisa Murphy to be the COO of its soon-to-be-launched FX Prime brokerage unit, Quantic Prime. Lisa Murphy spent the past year as an operations consultant to a variety of Retail FX industry firms. She began her FX…

July 28, 2017 BY LeapRate Staff

FXCM debt to Leucadia unchanged in Q2 at $122M, FastMatch sale proceeds pending

Investment giant Leucadia National Corp. (NYSE:LUK) has issued its second quarter results report, giving a little more insight into the money still owed to it by the FXCM unit of Global Brokerage Inc (NASDAQ:GLBR). According to Leucadia, they have nearly recovered the full amount of cash they invested in FXCM in January 2015, and still have $122.1 million…

July 10, 2017 BY LeapRate Staff

FXCM FX trading volumes up 5% MoM in June 2017 to $223 billion

Continuing what has been a fairly strong June in the Retail FX space, forex broker FXCM Group LLC has announced that its trading volumes rose by 5% during June, to $223 billion. On a daily average basis, volumes were up 9% in June. The rise in volumes at FXCM, and its continued membership in the…

July 01, 2017 BY LeapRate Staff

FastMatch June FX trading volumes down 12% MoM to $19.7 billion ADV

Leading off our reports of FX trading volumes for June by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 12% drop in activity from May volumes. FX trading volumes averaged $19.7 billion daily at FastMatch in June, down from a record $22.5 billion in May. FastMatch's figures portend a fairly slow…

June 22, 2017 BY LeapRate Staff

Saxo Bank leaves UK CFD and FX Association in dispute over FCA leverage proposals

Copenhagen based multi asset broker Saxo Bank has announced that its FCA regulated arm, Saxo Capital Markets UK Limited, is pulling out of the UK CFD and FX Association, a margin trading industry group. While not giving a specific reason, LeapRate has learned that Saxo is leaving the association in a dispute with the other members…

June 14, 2017 BY LeapRate Staff

FXCM FX trading volumes up 21% MoM in May 2017

Retail forex broker FXCM Group LLC has announced that its trading volumes rose by 21% during May, to $213 billion. The monthly results were helped by having 23 trading days during May, versus just 20 in April, but on a daily average basis volumes were still up 6% in May. The rise in volumes at…

June 01, 2017 BY LeapRate Staff

FastMatch reports record forex volumes of $22.5 billion ADV in May 2017

Forex ECN FastMatch has some good news for its soon-to-be-new owners, Euronext NV (EPA:ENX). Data from FastMatch indicate that volumes in its system increased by 18% MoM in May, to average $22.5 billion ADV for the month. That makes May 2017 FastMatch’s best ever month for trading volumes, well ahead of March’s $19.2 billion, and the first time…

Tag: Global Brokerage Inc (NASDAQ:GLBR)

FXCM posts decent Q2 results, healthy July FX volumes - and is in big trouble

Exclusive: GAIN Capital total bill for FXCM US client purchase: $6.96 million

GAIN Capital Q2 revenues increase 65% as cost cutting and FXCM US acquisition drive results

Exclusive: AFX Group hires FXCM and Alpari veteran Lisa Murphy as COO of its Quantic Prime unit

FXCM debt to Leucadia unchanged in Q2 at $122M, FastMatch sale proceeds pending

FXCM FX trading volumes up 5% MoM in June 2017 to $223 billion

FastMatch June FX trading volumes down 12% MoM to $19.7 billion ADV

Saxo Bank leaves UK CFD and FX Association in dispute over FCA leverage proposals

FXCM FX trading volumes up 21% MoM in May 2017

FastMatch reports record forex volumes of $22.5 billion ADV in May 2017

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