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FXCM announced revenues of $412.4 million in 2011

FXCM Inc (NYSE: FXCM), a leading online provider of foreign exchange, or FX, trading and related services, today announced anticipated fourth quarter and full year 2011 revenues and selected operating metrics:

 
Fourth Quarter Highlights:
 
 -    2011 fourth quarter revenues of $105.2 million, up 9% versus the same period in 2010
 -    Retail revenue per million of $98 per million
 -    Retail customer trading volume(1) for the fourth quarter 2011 was $972 billion, 16% higher than the fourth quarter 2010.
 -    Institutional customer trading volume(1) for the fourth quarter 2011 was $429 billion, 125% higher than 2010
 
Full-Year Highlights:
 
 -    Full year revenues of $412.4 million, up 14% compared to 2010
 -    Retail revenue per million of $96 per million
 -    Retail customer trading volume(1) for 2011 was $3.8 trillion, 19% higher than 2010
 -    Institutional customer trading volume(1) for 2011 was $1.2 trillion, 56% higher than 2010
 
(1) Volume that FXCM customers traded in period translated into US dollars.
 
The above revenue and revenue per million figures are subject to the finalization of the company’s fourth quarter and full year results.
 
“2011 was a strong year for FXCM. We grew our active retail account base by 20% to 163,094 accounts, increased retail customer trading volume by 19% to a record $3.8 trillion, increased institutional customer trading volume by 56% to a record $1.2 trillion and closed two acquisitions in Japan, considerably increasing our position in that region, the world’s largest retail FX market,” said Drew Niv, Chief Executive Officer.
 
“As we start 2012, we are optimistic about a number of organic initiatives. E*TRADE’s recent announcement that it will launch foreign exchange trading using FXCM is an example of our recent success in growing our white label business. In addition, we continue to migrate our institutional clients onto our proprietary platform, which we believe will make us more competitive and capture more market share.”
 
Conference Call
 
FXCM Inc. will report fourth quarter and full year 2011 results on March 14, 2012 before the opening of the stock market and host a conference call to discuss the results at 8:15 a.m. (EST) on that date. This conference call will be available to domestic participants by dialing 800-291-5365 and 617-614-3922 for international participants. The conference ID number is 64410473. A live, audio webcast, a copy of FXCM Inc.'s earnings release, results presentation and replay of this conference call will also be available at http://ir.fxcm.com/.
TAGS: fxcm  2011  revenue 

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