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)
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
CUSTOMER DEPOSITS
$287,614,938
DEFERRED REVENUE
$16,000,000
OTHER LIABILITIES
$19,082,018
TOTAL LIABILITIES
$322,696,956
FXCM CAPITAL
$114,985,838
TOTAL LIABILITIES AND FXCM CAPITAL
$437,682,794
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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