by Thu, 26 Feb 2009 09:04:54 +0100
Fxcm Reports Yearly Earnings For 2008
New York, February 25, 2009―FXCM Holdings LLC (www.fxcm.com) has announced its 2008 yearly revenue.
Revenue for 2008 was US$313,628,084 which almost doubled from 2007s yearly revenue of US$ 175,773,888, an increase of 78%.
These are consolidated results for FXCM Holdings, LLC, which is composed of Forex Trading LLC; Forex Capital Markets LLC; Forex Capital Markets LTD; FXCM Australia LTD; FXCM Asia LTD; and FXCM Canada LTD.
FXCMs 2008 Milestones:
- Total new accounts opened during the year on FXCMs platforms increased by 66% year-over-year.
- Notional USD volume across FXCMs trading platforms was US$6.8 trillion in 2008.
- EBITDA for 2008 was US$131,954,102, an increase of 365% year-over-year.
FXCM expects 2009 to be a year of continued growth as a result of the company increasing its market share, and the sustained growth of the retail forex industry. FXCM believes it will win business by continuing to develop new products based on client segmentation, offering competitive spreads, and regionalizing and expanding its offerings across the globe.
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