FXCM Holdings LLC Releases Latest Financial Data
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New York, June 4, 2009―FXCM Holdings LLC continues to make a public release of its balance sheet. The numbers reflect the group’s financial strength and status as of April 30, 2009
Highlights of the (unaudited) balance sheet include:
$114,985,838 in Capital (assets minus liabilities)
$130,307,551 in Operating Cash (excludes client funds)
Drew Niv, CEO of the global trading firm, commented: "FXCM is proud of our financial discipline and strong balance sheet. We believe clients should have the necessary information to make intelligent choices. By releasing this information, we hope to set an example for the entire forex industry."
FOR THE MONTH ENDED APRIL 30, 2009
(Amounts in USD)
FXCM Holdings, LLC consists of FXCM Australia LTD., Forex Trading, LLC, Forex Capital Markets, LLC, Forex Capital Markets LTD., FXCM Asia LTD., FXCM DMCC, and FXCM Canada LTD.
Please Note: In April, there was a significant drop in the firm's net capital. This decrease is related to FXCM fulfilling its obligations for 2008 taxes. Last year was a terrific year for FXCM with the firm hitting all-time volume highs, and as a result, the ownership of FXCM made payments of nearly $50 Million towards fulfilling year-end taxes due. However, even after such payments, FXCM Holdings, LLC has over $100 million in firm capital, of which $60,472,142 is held by the firm's US registered entity, Forex Capital Markets LLC.* The remaining capital is held by FXCM’s other entities, including regulated entities in Australia, Canada, Hong Kong, the United Kingdom and currently Dubai