Post-Trump election volatility has been driving increased revenues for brokerages in the fourth quarter.
Global Brokerage Inc, the new name for the public company that accommodates FXCM’s assets outside of the US, has reported its financial results for the fourth quarter of 2016. The firm’s bottom line during the period increased when compared to the previous year, as a result of higher Volatility in the aftermath of the election of President Trump in November.
The company reports that for the fourth quarter of 2016 that ended on December 31st, trading revenues from continuing operations amounted to $79.5 million. The figure is materially higher than the $65.4 million reported in Q4 2015.
[gptAdvertisement]
Net income from continuing operations totaled $10.7 million, a number that includes a $6.4 million gain on derivative liabilities related to the post-SNB bailout agreement with Leucadia National. The net loss attributable to Global Brokerage from continuing operations totaled $85.7 million, again after a $99.9 million loss on the aforementioned derivative liabilities.
For the twelve months that ended on December 31st, 2016, US GAAP trading revenues amounted to $276.0 million, a figure that is higher by 10 percent year-on-year.
Discontinued Operations and US Business
Global Brokerage’s trading revenues from discontinued operations in the US for the fourth quarter totaled $8.5 million, compared to $11.3 million for the quarter that ended on December 31st, 2015.
The net loss attributable to Global Brokerage from discontinued operations was $11.1 million, compared to $19.3 million in Q4 2015. For the full year revenues were $31.1 million, compared to $71.5 million in 2015.
The net loss from the discontinued operations was $26.0 million, compared to $40.3 million in the previous year.
During the final quarter of 2016 FXCM US trading volumes totaled $172 billion, for the full year, the figure was $722 billion. Average daily volumes from the US business totaled 2.2 billion per day in the final quarter of last year and 2.4 billion for the full year. The number of average daily trades in the same segment in Q4 totaled 100,680 and 109,737 for the full year.
Global Brokerage Inc, the new name for the public company that accommodates FXCM’s assets outside of the US, has reported its financial results for the fourth quarter of 2016. The firm’s bottom line during the period increased when compared to the previous year, as a result of higher Volatility in the aftermath of the election of President Trump in November.
The company reports that for the fourth quarter of 2016 that ended on December 31st, trading revenues from continuing operations amounted to $79.5 million. The figure is materially higher than the $65.4 million reported in Q4 2015.
[gptAdvertisement]
Net income from continuing operations totaled $10.7 million, a number that includes a $6.4 million gain on derivative liabilities related to the post-SNB bailout agreement with Leucadia National. The net loss attributable to Global Brokerage from continuing operations totaled $85.7 million, again after a $99.9 million loss on the aforementioned derivative liabilities.
For the twelve months that ended on December 31st, 2016, US GAAP trading revenues amounted to $276.0 million, a figure that is higher by 10 percent year-on-year.
Discontinued Operations and US Business
Global Brokerage’s trading revenues from discontinued operations in the US for the fourth quarter totaled $8.5 million, compared to $11.3 million for the quarter that ended on December 31st, 2015.
The net loss attributable to Global Brokerage from discontinued operations was $11.1 million, compared to $19.3 million in Q4 2015. For the full year revenues were $31.1 million, compared to $71.5 million in 2015.
The net loss from the discontinued operations was $26.0 million, compared to $40.3 million in the previous year.
During the final quarter of 2016 FXCM US trading volumes totaled $172 billion, for the full year, the figure was $722 billion. Average daily volumes from the US business totaled 2.2 billion per day in the final quarter of last year and 2.4 billion for the full year. The number of average daily trades in the same segment in Q4 totaled 100,680 and 109,737 for the full year.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
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.
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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
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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.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
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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!
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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
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#fmas #fmas24 #fmevents #networking #finance #africa
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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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