Rakuten Securities Reports its First Financials Since FXCM Acquisition

Rakuten Securities Inc, one of the largest 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 (FX) brokers in Japan, has reported its financial results for the Q3 ending December 31, 2015, which included a complete rundown across its operations metrics and revenues, according to a Rakuten statement.

The financial statement covers a period over the past nine months between April 1, 2015 and December 31, 2015. Interestingly, the scope of Rakuten’s financials encompasses the totality of its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term with FXCM, when it sold off its Hong Kong unit to Rakuten for $36 million back at the end of March.

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Given the final closure of the acquisition date on August 1, 2015, FXCM Japan Securities Co. Ltd. was excluded from consolidation and the figures. However, the operating results between April 1 and July 31, 2015 have been consolidated in a statement of income.

In particular, Rakuten Securities yielded an operating revenue of $335.2 million (¥39.6 billion) during the nine months ending December 31, 2015. This included a net income of $87.4 million (¥10.3 billion) over the same period.

In terms of overall assets, Rakuten currently holds of $39.6 billion (¥943.4 billion) in overall holdings ending December 31, 2015, of which $181.5 million (¥21.5 billion) are tradable products, which includes trading securities and derivatives.

Finally, over the same period ending December 31, 2015, Rakuten also reported a net trading income of $63.3 million (¥7.5 billion), along with commissions of $162.0 million (¥19.2 billion).