FXCM’s decision to move away from a principal-based trading model to an agency one now looks to be paying dividends. The company’s revenue for the three months to the end of June was $66.5 million, providing ebitda of $25.3 million. Over the first half, FXCM’s revenue was $128.6 million, with ebitda of $50.6 million.
FXCM says that it has not been impacted by the fall in volatility in the FX market. “The retail business has entered a period of perfection in the last four months,” says its chief executive Drew Niv.
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