Company news

FXCM Announces Third Quarter 2011 Results and October Operating Metrics ? Revenues are up

Update: Apparently Wall Street didn’t agree with me – FXCM’s stock price tumbled by more than 13% today. Good thing I’m not a trader.

FXCM’s Q3 2011 numbers are out and show outstanding growth in revenues. October retail forex volumes are down 8% but institutional ones are up by 35%. For the first time FXCM also shows average number of institutional trades a day – which is 90% higher in October comparing to September. All in all solid results that might help FXCM’s stock, which suffered from several downgrades lately, to rebound.

Highlights:

  • Third quarter 2011 revenues of $109.1 million, up 5% from second quarter 2011 and 20% versus the same period in 2010
  • Adjusted Pro Forma EBITDA of $31.4 million, up 10% from second quarter 2011 and up 13% versus the same period in 2010
  • Pro Forma net income of $17.1 million, or $0.23 per fully diluted share
  • US GAAP net income of $3.4 million, or $0.21 per fully diluted share
  • Closed acquisition of Foreland Forex of Japan post-quarter end – will increase FXCM client equity to over $1 billion and significantly increase FXCM’s presence in Japan
  • Declared a quarterly dividend of $0.06 per share of Class A common stock

Friday, 11 Nov, 2011 / 5:04

Source : http://forexmagnates.com/fxcm-announces-quarter-2011-results-october-operating-metrics-revenues/

Trading news

 

Risk Appetite Remains High On Trade Deal & US Data

Equities continue to remain poised to the upside due to a number of factors. [...]

Posted on Friday, 17 Jan, 2020 / 2:46 under

US earnings and data, China GDP propel stocks to fresh highs; dollar nears 8-month high vs yen

  China reports slowest annual growth in 29 years but signs of [...]

Posted on Friday, 17 Jan, 2020 / 10:05 under

GBP, NZD and USD the Main G10 Gainers, Equities Sail North

The dollar traded higher against most of the other G10 currencies yesterday, [...]

Posted on Friday, 17 Jan, 2020 / 8:41 under