With Forex industry leader FXCM reporting a net loss in its second quarter results earlier this week, there are many in the industry wondering if the current malaise facing the industry due (mainly) to lower volatility in 2014 is reason for long term concern. A closer look at FXCM's Q2 results shows - probably not. Let…
Read moreLeapRate Exclusive... LeapRate has learned that the May acquisition by FXCM (NYSE:FXCM) of FXDD's US client assets was done for cash consideration of $4.4 million. It turns out that the assets acquired were a little less than previously advertised - FXCM ended up getting $23.4 million in client equity spread among 6,172 active accounts. FXCM's…
Read moreHowever FXCM sees Q2 Revenues drop 15% from Q1 and 30% YoY, leading to a net loss of $1.5 million for the usually-profitable broker.
Read moreFXCM, (NYSE:FXCM) leading online provider of FX trading and related services worldwide, announced that it will report its 2014 second quarter financial results after the closing of the U.S. financial markets on Thursday August 7, 2014. The Company will host a conference call to discuss the results at 4:45 p.m.(EDT). This conference call will be…
Read moreWhat slump in volumes? As far as FXCM (NYSE:FXCM) is concerned, their institutional offering has hit a recorded all time high for June at $226B as GBP strength, EUR weakness and dollar stagnation combined to create opportunities for FXCM's institutional base to chase pips. Retail volumes were flat dropping just 3% MoM as traders remain confused…
Read moreGain Capital (NYSE:GCAP) shares down to an eleven-month low, FXCM isn't far behind. Have analysts realized that these should be considered 'defensive' stocks?
Read moreThe new ban is subject to approval by the Commodity Futures Trading Commission
Read more"This is the first in a series of new advanced trading analytics that FXCM will be releasing," said Drew Niv, CEO of FXCM.
Read moreBusy day for the folks over at FXCM (NYSE:FXCM). The leading retail forex broker reported it somewhat bucked the trend of down volumes in May, with retail FX volume metrics rising 5% from April, coming in at $263 billion for the month (see chart below). Institutional volumes were flat at $185 billion. In a more…
Read moreIt has certainly been a year of the haves and have-nots among publicly traded retail forex brokers. And as it should be, share prices seem to be following results and momentum in the 'real' world. On the one end of the spectrum is Plus500 (LON:PLUS), up more than 500% since its IPO last summer and…
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