About FXCM (adapted from FXCM prospectus):
FXCM is an online provider of foreign exchange, or FX, trading and related services to approximately 175,000 retail and institutional customers globally. They offer their customers access to over-the-counter, or OTC, FX markets through proprietary technology platform. In a FX trade, a participant buys one currency and simultaneously sells another, a combination known as a "currency pair". FXCM's platform presents their FX customers with price quotations on up to 56 currency pairs from up to 25 global banks, financial institutions and market makers, or FX market makers, with a goal to provide their customers with an efficient and cost-effective way to trade FX...
FXCM earns trading fees and commissions by adding a markup to the price provided by the FX market makers and generate their trading revenues based on the volume of transactions, not trading profits or losses...
FXCM operates their business through two segments: retail trading and institutional trading. Their retail trading segment accounted for 94% and 92% of their total revenues in 2009 and the nine months ended September 30, 2010, respectively...
They say that their revenues have grown from $12.3 million in 2001 to $322.7 million in 2009, a compound annual growth rate, or CAGR, of 55%...
This description is adapted from FXCM prospectus. This description is not intended to be a recommendation to buy stock from this company. We do not claim that all of the statements above were researched and found to be true. We present them as a general description based on what the company has said about itself at the time that they submitted their prospectus for an IPO offering. To see the company's full description, view their prospectus..