INTL FCStone's FX Business Operating Revenues Up 17.3% Quarterly
- Total operating revenues for the multi market broker were $113.4 million for the quarter ending December 31, 2013, operating revenues from INTL FCStone foreign exchange business reached $18.3 million.
INTL FCStone, the NASDAQ listed multi-asset broker, has released its quarterly financial results for the quarter which ended December 31, 2013, showing improvement in its FX business.
According to the company's Q1 2014 report, operating revenues from its foreign exchange business reached $18.3 million during the three months that ended on December 31, 2013. This is a rise of 17.3% from the previous quarter's figure of $15.6m and an increase of 13% year-over-year.
INTL FCStone's quarterly financial report does not specify if the FX earnings comes only from its online brokerage business or due in part to its proprietary trading. The report also does not specify any FX volumes or trading metrics, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Magnates requested this information and will update if and when it is provided.
Total operating revenues for the company were $113.4 million for the quarter, only a slight decline from $113.8 million seen during the previous three months period.
Sean M. O'Connor, CEO of INTL FCStone Inc., stated in the announcement: "The current quarter reflects slightly improved adjusted operating revenues and profitability. We saw strong revenue growth in our securities segment (up 36%) and our foreign exchange and global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl segment (up 13%), while our clearing and execution segment was up 6%. Our global payments and LME metals businesses achieved record revenues during the quarter. Towards the end of the quarter we saw an improvement in trading conditions with increased volatility and indications that the cyclical downturn in the grains market may be coming to an end."
INTL FCStone, the NASDAQ listed multi-asset broker, has released its quarterly financial results for the quarter which ended December 31, 2013, showing improvement in its FX business.
According to the company's Q1 2014 report, operating revenues from its foreign exchange business reached $18.3 million during the three months that ended on December 31, 2013. This is a rise of 17.3% from the previous quarter's figure of $15.6m and an increase of 13% year-over-year.
INTL FCStone's quarterly financial report does not specify if the FX earnings comes only from its online brokerage business or due in part to its proprietary trading. The report also does not specify any FX volumes or trading metrics, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Magnates requested this information and will update if and when it is provided.
Total operating revenues for the company were $113.4 million for the quarter, only a slight decline from $113.8 million seen during the previous three months period.
Sean M. O'Connor, CEO of INTL FCStone Inc., stated in the announcement: "The current quarter reflects slightly improved adjusted operating revenues and profitability. We saw strong revenue growth in our securities segment (up 36%) and our foreign exchange and global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl segment (up 13%), while our clearing and execution segment was up 6%. Our global payments and LME metals businesses achieved record revenues during the quarter. Towards the end of the quarter we saw an improvement in trading conditions with increased volatility and indications that the cyclical downturn in the grains market may be coming to an end."