FXCM Reports $65 RPM in Q3, Trading Revenues Till September Up 6%

Online 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 and CFDs brokerage FXCM has posted its third quarter results this morning. The firm’s trading revenue from continuing operations was $57.8 million, which is 3 percent higher than the $56.2 million for the same quarter last year (U.S. GAAP).

The company reported that the net revenues from continuing operations amounted to $61.4 million. The bottom line for FXCM during the third quarter of the year is a net loss of $35.8 million, which includes a $27.0 million non-cash net loss on derivative liabilities related to the agreements with Leucadia National.

The company’s net revenues from discontinued operations totaled $8.8 million with a net loss of $3.3 million, or $0.59 per diluted share. During the third quarter the Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term revenue per million (RPM) totaled to $65 per million traded. The figure is substantially higher than last year's Q3 number of $56 per million.

FXCM Inc’s (NASDAQ:FXCM) adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) from continuing and discontinued operations totaled $6.4 million during the third quarter of 2016.

The company reported a substantial in client equity - a 10 percent increase when compared to the end of the second quarter was registered to $725 million. The figure is also higher by 6 percent when compared to December 31st, 2015.

FXCM maintained a very strong cash position of $227.6 million and reported a regulatory surplus of $90.9 million at the end of September 2016.

The brokerage reported a U.S. GAAP net loss from continuing operations totaling $35.8 million (which includes a $27.0 million net loss on derivative liabilities related to the Leucadia bailout deal). The figure compares to a net income of $64.3 million (including a $137.6 million net gain on derivative liabilities) for the same quarter last year.

Looking at the longer term, FXCM’s trading revenues for the first nine months of 2016 totaled $196.6 million, which is 6 percent higher than last year’s $184.7 million. The net income attributable to FXCM Inc. from continuing operations was $85.9 million when compared to a net loss os $427.9 million for the first nine months of 2015. The figures that into account a $200.4 million net gain on derivative liabilities related to the Leucadia deal for the nine months ended September 30, 2016 and a $254.7 million net loss for the nine months that ended in September 2015.