FXCM Inc Announces Solid Income for Q3, after $137m Derivative Gain

The quarterly results of FXCM Inc (NYSE:FXCM) have been announced for the market to digest. The foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term brokerage reported that net revenues from operations totaled $59.6 million, which is lower by 1.4 per cent when compared to the second quarter of 2015.

FXCM Inc has also reported that the company’s net income from continuing operations has rebounded massively when compared to the second quarter. The figures rounded up to a gain of $64.3 million after a $137.6 million gain from a derivative liability.

Compared to the second quarter of 2015, when the company announced a net loss of $98.9 million, the figure backs up the bullish expectations of Leucadia National (NYSE:LUK) regarding the ability of FXCM Inc to repay its post-SNB (Swiss National Bank) loan by the end of the first quarter of 2016.

Based on U.S. GAAP reporting, trading revenue from continuing operations totaled $56.3 million, which compares to $88.7 million for the same quarter of last year. The U.S. GAAP net income attributable to FXCM Inc amounted to $64.3 million or $12.10 per fully diluted share.

The figures include adjustments made to remove expenses relating to stock based compensation relating to the FXCM Inc’s IPO and the costs attributed to the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of V3 Markets, LLC.

The earnings figures that FXCM Inc reported included a gain on a derivative liability of $137.6 million.