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JUST ADDED 20K SHARES. SWEET
STAY TUNED FOR MEGA NEWS THIS WEEKEND.$$$$$$$$. LONG FXCM
SC13G Out. MORE BUYS
BIG RUN COMING EOD AND NEWS COMING ON THE WEEKEND. BACK TO 17$.
You mean City, who had to pay over 300 million fine for manipulation? LFOL.
No we wont. And you are wrong, there is MEGA NEWS ON THE WAY. Stay tuned.
TIC TOC. Who is there? NEWS coming to get youuuu.
BOOM. 17$$!$$$
NEWS ON FUNDS RECOVER FROM NEGATIVE BALANCES AND NON-CORE ON ITS WAY. BRING IT ON BABY. 17$$$$$$$$$$$
FXCM's Retail Trading Volume Surged in January
Source: Dow Jones News
Foreign-exchange brokerage FXCM Inc. said its retail customer trading volume increased significantly in January from a year earlier and edged up from December.
"While it was a challenging month for FXCM due to the unprecedented movement of the Swiss Franc on January 15 and the resulting negative balances of a number of our clients, we were able to generate our second best month ever on the retail side," Chief Executive Drew Niv said, adding the company received net inflows of client funds for the first week of February.
The brokerage accepted a $300 million rescue package from Jefferies Group LLC parent Leucadia National Corp. in January in the wake of steep client losses stemming an unexpected surge in the Swiss franc.
The client losses, which totaled about $225 million, stemmed from the surprise decision of the Swiss National Bank to end its cap on the franc's exchange ratio to the euro.
Retail customer trading volume grew to $450 billion in January, up 32% from the previous January and 3% higher than December. Average retail customer trading volume per day of $21.4 billion increased 38% from January 2014 and 2% from December.
The firm saw an average of 662,080 retail client trades per day for the month, increases of 61% from January 2014 and 11% higher than the previous month.
Mr. Niv also said FXCM's institutional business was affected somewhat in the month by the Swiss bank decision, and a number of its institutional customers' prime brokers initially disconnected from FXCM. However, all but one are back with the brokerage.
Institutional customer trading volume of $255 billion in January was 39% higher than the previous January and 21% lower than December.
Write to Lauren Pollock at lauren.pollock@wsj.com
Access Investor Kit for FXCM, Inc.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US3026931069
Financials have been available for years dude. The average price of this stock has been around 17$ for the last 5 years. Good luck with your puts. I'll see you at 17$. BOOM
Pffff. Post of the day. Your calling shell to the biggest FOREX broker on the US with billions in revenue. LFOL. Back to 17$ shortly.
BOOM!!!! The firm saw an average of 662,080 retail client trades per day for the month, increases of 61% from January 2014 and 11% higher than the previous month
Haha. I bet they will not sleep very well tonight. Caught with their pants down with AH News. And the best News yet to come. Certainly a tough spot for them to be right now. GO FXCM
Second Highest Retail Volume in FXCM History translated to $$$$$$. HUGE. FXCM stronger than ever. We are also due for News on - balance collections and non-core assets as well. FXCM moving fast and precise. Lots of GREEN ahead. Nice AH trading and great day coming tomorrow. See you at the bell folks.
I like the sound of that. Shorties are fried. LOL
Suck this up shorties $$$$$$$$$$$
“I am pleased to say that all but one of the numerous prime brokers used by our institutional clients are back with FXCM and we remain optimistic that this business is on course to return to the growth it was experiencing before the events of the 15th.”
....we were able to generate our second best month ever on the retail side and FXCM is back in a solid competitive position with approximately $1 billion in client equity and over 223,000 accounts worldwide,” said Drew Niv, President and CEO of FXCM. “For the first week of February, we are now receiving net inflows of client funds.”
You mean a red paint job EOD?
BOOM!!! HERE WE COME! 17$
I was about to say that. Thanks
BOOM coming On Collection News Soon. Did you cover yet?
Great News but the game changing news will be Collection of the negative balances. Looking forward to that one.
125 millions will be recovered from the institutional investors which I am 100% sure paid already or will do today to avoid interests. The rest can be easily get through the sale of the 2 non-core assets they announced. Suck it ip. Going back to above 10$.
BOOM!!!!
WAO. That a lot of shares to cover, combined with eminent news and we go back to double digits.
It looks more like bouncing time to me.
Tic toc. NEWS COMING TO GET YOU SHORTIES
10$ with collection news today. Can't wait
Ridiculous comment. The Swish Bank movement affected all the FOREX brokers, some of them went out of business, many of them are going after retail traders. FXCM is going only after 10% of clients (Institutional) which can afford paying back (60% of losses) while forgiving 90% of mom and pop traders. If I were to trade Forex I would certainly go with them. STAY TUNED FOR BIG NEWS TOMORROW.
WRONG!WRONG!WRONG
Those events you described creates currency volatility. Currency Volatility creates trading volume on the FOREX market. The more volume the more FXCM makes and the more profit they make the higher their stock value goes. So indeed thank you for pointing that out. Another reason to be long on FXCM.
BRING ON THE NEWS BABY!!!
Pfffff. This is Forex. Who cares about oil or Greece. LFOL. Currency volatility created by this events is good for trading volumes which is how FXCM MAKES MONEY. LFOL
I am glad they did. I was able to add some more. Ready for the big run. News could be out AH or premarket tomorrow.
+ interest if not payed tomorrow. I guess we'll find out soon enough. Don't we.
I am just getting comfortable to enjoy the ride up to over 10$. Added some more today, by the way. Enjoy the ride.
UP UP UP WE GO.
Just wait at the collection News to be out. We'll see who has the last laugh.
Tomorrow and days ahead will be FUN as NEWS are released. $$$$$$$