FXCM Holdings LLC Releases Financial Data: Over $100 Million in Capital
FXCM Holdings LLC has made an unprecedented public release of its balance sheet and invites other firms within the forex industry to follow its example.
Highlights of the (unaudited) balance sheet include the following:
$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."
Balance Sheet (Unaudited)
FOR THE MONTH ENDED APRIL 30, 2009
(Amounts in USD)
CUSTOMER CASH $287,614,938
OPERATING CASH $130,307,551
OTHER ASSETS $9,248,124
FIXED ASSETS $10,476,181
TOTAL ASSETS $437,682,794
CUSTOMER DEPOSITS $287,614,938
DEFERRED REVENUE $16,000,000
OTHER LIABILITIES $19,082,018
TOTAL LIABILITIES $322,696,956
FXCM CAPITAL $114,985,838
TOTAL LIABILITIES AND FXCM CAPITAL $437,682,794
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