FXCM Forex Capital Markets
    Print     Send Via Email     Report an Error
Profile Accounts Promotions PR Contact  

FXCM Holdings, LLC Releases Latest Financial Data: Over $172 Million in Operating Cash


FXCM Holdings, LLC Releases Latest Financial Data: Over $172 Million In Operating Cash For Immediate Release: Media Contact, Jaclyn Sales: jsales@fxcm.com October 28, 2008 ― FXCM Holdings, LLC (http://www.fxcm.com) has released its most recent balance sheet, reporting record levels of operating cash and firm capital. The numbers reflect the group’s financial strength and status as of September 30, 2008. Highlights of the (unaudited) balance sheet include: • Over $172 Million In Operating Cash (excludes client funds) • Over $138 Million In Capital (assets minus liabilities) FXCM comfortably exceeds all regulatory financial requirements and is one of the most well-capitalized Forex Dealer Members. While many financial services firms have suffered in the last few months, FXCM has not been negatively affected; in fact, the firm has strengthened its financial position over the last quarter. FXCM’s core business of serving self-trading clients performed strongly throughout 2008. FXCM’s primary business model―No Dealing Desk execution―enables the company to generate strong earnings in both high and low volatility periods. FXCM is able to achieve these results without having to take on proprietary trading risk. FXCM believes clients should have the necessary information to make intelligent choices about their brokerage firms. By releasing this information, FXCM continues to set a standard for the entire forex industry. BALANCE SHEET (Unaudited) FOR THE MONTH ENDED SEPTEMBER 30, 2008 ASSETS CUSTOMER CASH 313,385,796 OPERATING CASH 172,904,813 OTHER ASSETS 9,377,669 FIXED ASSETS 6,817,568 TOTAL ASSETS 502,485,846 LIABILITIES CUSTOMER DEPOSITS 313,385,796 DEFFERED REVENUE 19,500,000 OTHER LIABILITIES 31,081,755 TOTAL LIABILITIES 363,967,551 CAPITAL FXCM CAPITAL 138,518,295 TOTAL LIABILITIES AND FXCM CAPITAL 502,485,846 FXCM Holdings, LLC consists of, Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, and FXCM Canada LTD. # # # FXCM Facts • Forex Capital Markets LLC is one of the Largest Forex Dealer Members • More than 100,000 live accounts are traded on FXCM trading platforms • As of January 2008, an average of $350 billion in notional volume is traded each month on FXCM trading platforms • As of January 2008, there is in excess of $700 million in customer funds trading on platforms offered by FXCM • FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com. # # # Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
Become a member and get 6 free Forex courses by OTA!
 

 
  • Promotions
 
 

 
  • Survey

What is your favorite type of promotion?

Free course
Gifts
Cashback
Competition
I don't like promotions

 
ForexPros.com Newsletter
 

 
  • Sponsored Links
 
 

Special Offers: