FXCM Group Releases Financial Data: Over $120 Million in Capital
03/09/07 — FXCM Group has made an unprecedented public release of its balance sheet and invites other firms within the forex industry to follow its example.
Highlights of the (unaudited) balance sheet include the following:
$120,660,927 In Capital (Assets Minus Liabilities)
$98,657,018 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.
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