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“In the second quarter, retail clients have not lost money at all and are actually making money” |
FXCM Holdings, whose roots are very much in retail foreign exchange, has announced that its revenue for the three-month period to June 30 was $66.5 million, a 7% increase over the first quarter; its ebitda was $25.3 million. FXCM says the main growth driver was its “core business of serving self-trading clients”. According to chief executive Drew Niv, these have been able to capitalize on the drop of volatility in the market in a way many other FX participants have not.
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