FOREX TRADING
Definition of FOREX: The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion. Online forex trading company include Easy-Forex, CMSforex, fxcm, delta stock trading, wall street and more. Refinancing refers to the replacement of an existing debt obligation with a debt obligation bearing different terms. The most common consumer refinancing is for a home mortgage. Best Refinance Mortgage Rates can find esily online.
Tuesday, August 25, 2009
New York, June 4, 2009: FXCM Holdings LLC continues to make a public release of its balance sheet. The numbers reflect the firm’s financial strength and status as of April 30, 2009.
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)
ASSETS
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
LIABILITIES
CUSTOMER DEPOSITS 287,614,938
DEFFERED REVENUE 16,000,000
OTHER LIABILITIES 19,082,018
TOTAL LIABILITIES 322,696,956
CAPITAL
FXCM CAPITAL 114,985,838
TOTAL LIABILITIES AND FXCM CAPITAL 437,682,794
FXCM Holdings, LLC consists of FXCM Australia LTD., Forex Trading LLC, Forex Capital Markets LLC, Forex Capital Markets LTD, FXCM Asia LTD, FXCM Canada LTD and FXCM DMCC.
Please Note: In April, there was a significant drop in the firm's net capital. This decrease is related to FXCM fulfilling its tax obligations. Last year was a terrific year for FXCM with the firm hitting all-time volume highs, and as a result, the ownership of FXCM made payments of nearly $50 Million towards fulfilling taxes due. However, even after such payments, FXCM Holdings, LLC has over $100 Million in firm capital, of which $60,472,142 is held by the firm's US registered entity, Forex Capital Markets LLC.* The remaining capital is held by FXCM’s other entities, including regulated entities in Australia, Dubai, Canada, Hong Kong and the United Kingdom.
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FXCM Holdings, LLC Facts
As of January 2009
• FXCM Holdings LLC has over $100 Million in capital
• More than 125,000 live accounts are traded on FXCM trading platforms
• An average of $500 billion in notional volume is traded each month on FXCM trading platforms
• In excess of $600 million in customer funds trading on platforms offered by FXCM
Trading FX, CFDs and Spread Betting on margin carries a high level of risk, and may not be suitable for all investors.
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