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FOREIGN EXCHANGE

Retail registers chime for FXCM

FXCM has released a stellar set of results for 2008, further underlining how profitable FX can be. The company says it revenue rose 78% to $313.6 million from $175.8 million in 2007, and that ebitda came in at $132 million. Around $6.8 trillion was traded in 2008 on the company’s various platforms.


The company says that it expects further growth in 2009, driven by an increase in market share and greater interest in FX from the retail sector.


Meanwhile, the company has announced it has opened a new office in Sydney. The operation will be overseen by Dan Perry, who has relocated from FXCM’s New York headquarters.

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