Comments on: Thinkorswim and Tradestation’s financial results allow us to estimate FXCM’s and other brokers’ income

By: TradeFX

TradeFX — Wed, 27 May 2009 19:37:03 +0000

IG Markets is a publically traded FTSE 200 company. Their US website is http://www.igmarkets.com/fx and their financials can be viewed at http://www.iggroup.com/corporate/results.html.

To the best of my knowledge, they are the ONLY publically traded FDM operating in the US.

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By: FXCM launches mobile version of its Forex content portal - DailyFX | Forex Magnates

Wed, 13 May 2009 18:00:13 +0000

[...] step would probably be to launch an educational department just like thinkorswim’s (maybe FXCM should buy it as is) in order to create one big Forex [...]

By: AvaFX publishes financial statement, allows us to understand broker incomes | Forex Magnates

Wed, 13 May 2009 09:17:19 +0000

[...] few days ago I mentioned that there aren’t any public Forex companies reporting their statements in detail. One exception [...]

By: Michael Greenberg

Michael Greenberg — Tue, 12 May 2009 07:12:39 +0000

John, thanks for the feedback and for the link: looks like FXCM is much more profitable than I estimated.

The 50-60m were actually estimates of Net Income. The yearly revenues I estimated were 200-240m and they are lower than actual figures FXCM released.

By: John

John — Tue, 12 May 2009 02:17:06 +0000

Very interesting post !

if you want better look into FXCM numbers, you can see they post it in DailyFX :
http://www.dailyfx.com/story/press_releases/FXCM_Reports_Yearly_Earnings_for_1235575532812.html

so it is about 350 for 2008, which is higher than your 50-60 estiamtes, and they have probably increased this year as well.