Forex Broker FXCM’s Balance Sheet

October 28, 2008 - FXCM Holdings, LLC (http://www.fxcm.com) has released its most recent balance sheet, reporting record levels of operating cash and firm capital. The numbers reflect the group’s financial strength and status as of September 30, 2008. Highlights of the (unaudited) balance sheet include:

• Over $172 Million In Operating Cash (excludes client funds)
• Over $138 Million In Capital (assets minus liabilities)

FXCM comfortably exceeds all regulatory financial requirements and is one of the most well-capitalized Forex Dealer Members. While many financial services firms have suffered in the last few months, FXCM has not been negatively affected; in fact, the firm has strengthened its financial position over the last quarter.

FXCM’s core business of serving self-trading clients performed strongly throughout 2008. FXCM’s primary business model-No Dealing Desk execution-enables the company to generate strong earnings in both high and low volatility periods. FXCM is able to achieve these results without having to take on proprietary trading risk.

FXCM believes clients should have the necessary information to make intelligent choices about their brokerage firms. By releasing this information, FXCM continues to set a standard for the entire forex industry.

	BALANCE SHEET (Unaudited)
	FOR THE MONTH ENDED SEPTEMBER 30, 2008
ASSETS
	CUSTOMER CASH	313,385,796
	OPERATING CASH	172,904,813
	OTHER ASSETS	9,377,669
	FIXED ASSETS	6,817,568
	TOTAL ASSETS	502,485,846
LIABILITES
	CUSTOMER DEPOSITS	313,385,796
	DEFFERED REVENUE	19,500,000
	OTHER LIABILITIES	31,081,755
	TOTAL LIABILITIES	363,967,551
CAPITAL	FXCM CAPITAL	138,518,295
	TOTAL LIABILITIES AND FXCM CAPITAL	502,485,846

FXCM Holdings, LLC consists of, Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, and FXCM Canada LTD.

Posted in Categories: Canada, Contributor, External Research, Forex.

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