FXCM monster news out
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 11, 2015
FXCM Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 001-34986 27-3268672
(State or Other Jurisdiction of
(Commission File Number) (IRS Employer
Incorporation) Identification No.)
55 Water Street, FL 50, New York, NY, 10041
(Address of Principal Executive Offices) (Zip Code)
(646) 432-2986
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On February 11, 2015, FXCM Inc. (“the Company”) issued a press release regarding its monthly business metrics for January 2015. The text of the press release is furnished as Exhibit 99.1 to this Form 8-K.
The information in this Current Report on Form 8-K and the Exhibit attached hereto is furnished pursuant to the rules and regulations of the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired: None
(b) Pro forma financial information: None
(c) Shell company transactions: None
(d) Exhibits: Press release, dated February 11, 2015, issued by FXCM Inc.
Exhibit No. Exhibit Description
99.1** Press Release dated February 11, 2015
** Furnished herewith.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FXCM INC.
By: /s/Robert Lande
Name: Robert Lande
Title: Chief Financial Officer
Date: February 11, 2015
Exhibit Index
Exhibit No. Description
99.1 Press Release dated as of February 11, 2015
Exhibit 99.1
FXCM Reports Monthly Metrics
Second highest retail volume in FXCM history
NEW YORK—February 11, 2015 — FXCM Inc . (NYSE:FXCM) today announced certain key operating metrics for January 2015 for its retail and institutional foreign exchange business.
January 2015 Retail Trading Metrics
· Retail customer trading volume (1)* of $450 billion in January 2015, 3% higher than December 2014 and 32% higher than January 2014.
· Average retail customer trading volume (1)* per day of $21.4 billion in January 2015, 2% higher than December 2014 and 38% higher than January 2014.
· An average of 662,080 retail client trades per day in January 2015, 11% higher than December 2014 and 61% higher than January 2014.
· Tradeable accounts (2) of 223,079 as of January 31, 2015, a decrease of 7,500, or 3% from December 31, 2014, and an increase of 33,469 or 18%, from January, 2014.
January 2015 Institutional Trading Metrics
· Institutional customer trading volume (1) of $255 billion in January 2015, 21% lower than December 2014 and 39% higher than January 2014.
· Average institutional trading volume (1) per day of $12.1 billion in January 2015, 21% lower than December 2014 and 44% higher than January 2014.
· An average of 35,734 institutional client trades per day in January 2015, 19% lower than December 2014 and 6% lower than January 2014.
“While it was a challenging month for FXCM due to the unprecedented movement of the Swiss Franc on January 15 th and the resulting negative balances of a number of our clients, we were able to generate our second best month ever on the retail side and FXCM is back in a solid competitive position with approximately $1 billion in client equity and over 223,000 accounts worldwide,” said Drew Niv, President and CEO of FXCM. “For the first week of February, we are now receiving net inflows of client funds.”
“Our institutional business was affected somewhat in the month by the events of the 15 th as a number of our institutional customers’ prime brokers initially disconnected from FXCM. However, I am pleased to say that all but one of the numerous prime brokers used by our institutional clients are back with FXCM and we remain optimistic that this business is on course to return to the growth it was experiencing before the events of the 15th.”
More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company's corporate web site, www.fxcm.com .
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of FXCM Inc. FXCM undertakes no obligation to publicly update or review previously reported operating data. Any updates to previously reported operating data will be reflected in the historical operating data that can be found on the Investor Relations page of the Company's corporate web site, www.fxcm.com .
(1) Volume that FXCM customers traded in period translated into US dollars.
(2) An account that has sufficient funds to place a trade in accordance with FXCM trading policies.
* Volume generated by retail clients with negative balances due to the SNB announcement on January 15 th , 2015 is excluded from volume.
http://www.otcmarkets.com/stock/FXCM/filings
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 11, 2015
FXCM Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 001-34986 27-3268672
(State or Other Jurisdiction of
(Commission File Number) (IRS Employer
Incorporation) Identification No.)
55 Water Street, FL 50, New York, NY, 10041
(Address of Principal Executive Offices) (Zip Code)
(646) 432-2986
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On February 11, 2015, FXCM Inc. (“the Company”) issued a press release regarding its monthly business metrics for January 2015. The text of the press release is furnished as Exhibit 99.1 to this Form 8-K.
The information in this Current Report on Form 8-K and the Exhibit attached hereto is furnished pursuant to the rules and regulations of the Securities and Exchange Commission and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired: None
(b) Pro forma financial information: None
(c) Shell company transactions: None
(d) Exhibits: Press release, dated February 11, 2015, issued by FXCM Inc.
Exhibit No. Exhibit Description
99.1** Press Release dated February 11, 2015
** Furnished herewith.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
FXCM INC.
By: /s/Robert Lande
Name: Robert Lande
Title: Chief Financial Officer
Date: February 11, 2015
Exhibit Index
Exhibit No. Description
99.1 Press Release dated as of February 11, 2015
Exhibit 99.1
FXCM Reports Monthly Metrics
Second highest retail volume in FXCM history
NEW YORK—February 11, 2015 — FXCM Inc . (NYSE:FXCM) today announced certain key operating metrics for January 2015 for its retail and institutional foreign exchange business.
January 2015 Retail Trading Metrics
· Retail customer trading volume (1)* of $450 billion in January 2015, 3% higher than December 2014 and 32% higher than January 2014.
· Average retail customer trading volume (1)* per day of $21.4 billion in January 2015, 2% higher than December 2014 and 38% higher than January 2014.
· An average of 662,080 retail client trades per day in January 2015, 11% higher than December 2014 and 61% higher than January 2014.
· Tradeable accounts (2) of 223,079 as of January 31, 2015, a decrease of 7,500, or 3% from December 31, 2014, and an increase of 33,469 or 18%, from January, 2014.
January 2015 Institutional Trading Metrics
· Institutional customer trading volume (1) of $255 billion in January 2015, 21% lower than December 2014 and 39% higher than January 2014.
· Average institutional trading volume (1) per day of $12.1 billion in January 2015, 21% lower than December 2014 and 44% higher than January 2014.
· An average of 35,734 institutional client trades per day in January 2015, 19% lower than December 2014 and 6% lower than January 2014.
“While it was a challenging month for FXCM due to the unprecedented movement of the Swiss Franc on January 15 th and the resulting negative balances of a number of our clients, we were able to generate our second best month ever on the retail side and FXCM is back in a solid competitive position with approximately $1 billion in client equity and over 223,000 accounts worldwide,” said Drew Niv, President and CEO of FXCM. “For the first week of February, we are now receiving net inflows of client funds.”
“Our institutional business was affected somewhat in the month by the events of the 15 th as a number of our institutional customers’ prime brokers initially disconnected from FXCM. However, I am pleased to say that all but one of the numerous prime brokers used by our institutional clients are back with FXCM and we remain optimistic that this business is on course to return to the growth it was experiencing before the events of the 15th.”
More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company's corporate web site, www.fxcm.com .
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of FXCM Inc. FXCM undertakes no obligation to publicly update or review previously reported operating data. Any updates to previously reported operating data will be reflected in the historical operating data that can be found on the Investor Relations page of the Company's corporate web site, www.fxcm.com .
(1) Volume that FXCM customers traded in period translated into US dollars.
(2) An account that has sufficient funds to place a trade in accordance with FXCM trading policies.
* Volume generated by retail clients with negative balances due to the SNB announcement on January 15 th , 2015 is excluded from volume.
http://www.otcmarkets.com/stock/FXCM/filings
