FXCM - Forex Capital Markets

Started by sukishan, Jul 14, 2009, 08:16 AM

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sukishan

About FXCM

FXCM Holdings LLC Releases Financial Data: Over $100 Million in Capital

FXCM Holdings LLC has made an unprecedented public release of its balance sheet and invites other firms within the forex industry to follow its example.

Highlights of the (unaudited) balance sheet include the following:

$114,985,838 In Capital (Assets Minus Liabilities)

FXCM Holdings, LLC consists of FXCM Australia LTD., Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, FXCM Canada LTD and FXCM DMCC.

Forex Capital Markets LLC
is one of the largest Forex Dealer Members

Forex Capital Markets LLC (FXCM) is regulated as a Forex Dealer Member by the National Futures Association. Forex Dealer Members are U.S. registered Futures Commission Merchants that have greater than 35% of revenue from foreign exchange.

Approximately $600 Million In Customer Funds Traded

FXCM Holdings LLC includes firms regulated across the world, including Australia, the United States, Canada, the United Kingdom, Hong Kong and Dubai.

Additionally, FXCM offers its proprietary foreign exchange trading technology to banks and brokers.

As of January 2009, there is in excess of $600 million in customer funds trading on platforms offered by FXCM.

Over 125,000 live accounts trade through FXCM's trading platforms from nearly 200 countries with an average of 7,000,000 trades executed each month via its trading platforms; moreover, customer support is provided in over a dozen languages. Registered with the CFTC as a Futures Commission Merchant, FXCM has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.


FXCM Holdings LLC: Expanding and Improving

Since inception, FXCM has added over 500 employees in all areas of operation, including customer support, research, technology, and trading. FXCM has been named to the Inc. 500 list of America's Fastest Growing Private Companies in 2004, 2005, and 2006.

In 2006, FXCM launched its "No Dealing Desk" service**, which provides lower spreads.

FXCM launched many new initiatives in 2007, including the ability to hedge trades*, proprietary trading signals for clients, new currency pairs for trading, and One-click execution.


$130,307,551 In Operating Cash (Excludes Client Funds)

Drew Niv, CEO of the global trading firm, commented: "FXCM is proud of our financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices. By releasing this information, we hope to set an example for the entire forex industry."
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