FXCM has continued to hold its key assets, stating that it could get higher price in the future.
FXCM released today its latest quarterly earnings and the figures have been upbeat with revenues per million rising to $80, which is higher by 11 per cent when compared to last quarter. With the number progressively increasing in recent quarters, the revenue stream for FXCM increased in line with it to $69 million, which is higher by 16 per cent when compared to Q2 2015.
Retail trading revenue per million increased from $72 marked in Q1 2016 and $54 in the second quarter of 2015. The metrics have completely turned from a year ago, marking the highest level since FXCM has switched to an agency model of operation back in 2014.
Despite the decrease in trading volumes on an annual basis, the increasing number of smaller clients of the brokerage which are using the dealing desk offering increased from 19 per cent to 21 per cent when compared to the first quarter of 2016.
The retail trading volume totaled $842 billion for the second quarter, which is lower by 15.8 per cent from Q2 2015. The number of tradable accounts has increased by 4,143 or 2.5 per cent to 171,507 since the end of the first quarter of 2016.
The company highlighted in its earnings presentation that the non-core assets that it is looking to sell are expected to realize a higher value in the future. This is probably the reason why FXCM has not been in a rush to sell its stakes in FastMatch, Lucid and V3 Markets.
FXCM Inc holds a 50.1 per cent majority stakes in Lucid and V3 Markets and a 35 per cent stake in a joint venture with Credit Suisse which is behind one of the fastest growing institutional trading venues in the industry in the past months, FastMatch.
While it hasn’t disposed off its stakes for now, the company stated in its earnings presentation that FXCM is committed to selling the remainder of its non-core assets. It is already actively marking those to prospective buyers, but the expectations that a sale would Yield a higher value in the future is preventing the company from taking quick steps.
Both FastMatch and Lucid have had a great month in June with FastMatch processing a record number of transactions following Brexit, while Lucid had its best trading month since August 2015.
Following the market open in New York, shares of FXCM trader higher by 15 per cent, but have since given back a substantial portion of the gains to trade at $9.77 per share, or 3 per cent higher on the day.
FXCM released today its latest quarterly earnings and the figures have been upbeat with revenues per million rising to $80, which is higher by 11 per cent when compared to last quarter. With the number progressively increasing in recent quarters, the revenue stream for FXCM increased in line with it to $69 million, which is higher by 16 per cent when compared to Q2 2015.
Retail trading revenue per million increased from $72 marked in Q1 2016 and $54 in the second quarter of 2015. The metrics have completely turned from a year ago, marking the highest level since FXCM has switched to an agency model of operation back in 2014.
Despite the decrease in trading volumes on an annual basis, the increasing number of smaller clients of the brokerage which are using the dealing desk offering increased from 19 per cent to 21 per cent when compared to the first quarter of 2016.
The retail trading volume totaled $842 billion for the second quarter, which is lower by 15.8 per cent from Q2 2015. The number of tradable accounts has increased by 4,143 or 2.5 per cent to 171,507 since the end of the first quarter of 2016.
The company highlighted in its earnings presentation that the non-core assets that it is looking to sell are expected to realize a higher value in the future. This is probably the reason why FXCM has not been in a rush to sell its stakes in FastMatch, Lucid and V3 Markets.
FXCM Inc holds a 50.1 per cent majority stakes in Lucid and V3 Markets and a 35 per cent stake in a joint venture with Credit Suisse which is behind one of the fastest growing institutional trading venues in the industry in the past months, FastMatch.
While it hasn’t disposed off its stakes for now, the company stated in its earnings presentation that FXCM is committed to selling the remainder of its non-core assets. It is already actively marking those to prospective buyers, but the expectations that a sale would Yield a higher value in the future is preventing the company from taking quick steps.
Both FastMatch and Lucid have had a great month in June with FastMatch processing a record number of transactions following Brexit, while Lucid had its best trading month since August 2015.
Following the market open in New York, shares of FXCM trader higher by 15 per cent, but have since given back a substantial portion of the gains to trade at $9.77 per share, or 3 per cent higher on the day.
FCA Approval Expands Stratiphy's Retail Offerings with Customized Portfolios
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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