Katz added that it was difficult to model earnings because of a changing client base, a re-focusing on small retail FX clients and "the fair value accounting which will run through the P&L to account for the debt and economic rights given to Leucadia."
The firm expected an adjusted EPS (loss) for 2015 of $(0.05) and adjusted EPS of $0.03 in 2016. For 2017, the firm estimated adjusted EPS at $0.08