Global Brokerage Inc. (GLBR)

[Stockrocketer]

In February 2014 was FXCM share price $16,57, price in February 2015 $2,10

A, Retail Loses

Retail customer trading volume(1) of $267 billion in February 2015, 41% lower than January 2015 and 12% lower than February 2014.

Tradeable accounts(2) of 222,719 as of February 28, 2015, a decrease of 360, or 0.2%, from January 2015, and an increase of 31,997,or 17%, from February 2014.

B, Institutional Loses

Institutional customer trading volume(1) of $162 billion in February 2015, 36% lower than January 2015 and unchanged from February 2014.

An average of 31,242 institutional client trades per day in February 2015, 13% lower than January 2015 and 11% lower than February 2014.

In the right valuation doesn´t matter and count not with the January 2015 loses, the SNB inflicted damages to FXCM , the volume was forced to abnormally spike through the margin calls and close of positions on Swiss Frank with pair to other currencies on both sides- retailers and institutional clients. This overshadowed normal trading in January 2015!

So, if we count the bothsided loses by institutions $162 billion = = 11% and by retailers $267 billion = 12% lower than February 2014, then accumulated trading deficit and loses are together 18,67%, this procents counted in price per share in February 2014 makes $3,09 per Share, than the real price of FXCM Share yet must be $16,57 - $3,09 = $13,48 !!!