The recent balance sheet with record levels of operating cash and firm capital has been released by FXCM forex broker. The numbers reveals FXCM financial strength and status as of September 30, 2008. view balance sheet here
FXCM balance sheet shows:
- Over $172 Million In Operating Cash (excludes client funds)
- Over $138 Million In Capital (assets minus liabilities)
Balance Sheet (Unaudited) FOR THE MONTH ENDED SEPTEMBER 30, 2008
|
|
CUSTOMER CASH |
313,385,796 |
|
|
|
|
|
|
|
|
|
|
OPERATING CASH |
172,904,813 |
|
|
|
|
|
|
|
|
|
|
OTHER ASSETS |
9,377,669 |
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS |
6,817,568 |
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS |
502,485,846 |
|
|
|
|
|
|
|
|
|
|
CUSTOMER DEPOSITS |
313,385,796 |
|
|
|
|
|
|
|
|
|
|
DEFERRED REVENUE |
19,500,000 |
|
|
|
|
|
|
OTHER LIABILITIES |
31,081,755 |
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
363,967,551 |
|
|
|
|
|
|
|
|
|
|
FXCM CAPITAL |
138,518,295 |
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND FXCM CAPITAL |
502,485,846 |
Many forex brokers have suffered in the last few months due to economic crisis. FXCM on the other hand has not been negatively affected. FXCM broker seems to stand strong on its feet as one of the most well-capitalized forex broker online.
FXCM's core business of serving self-trading clients performed strongly throughout 2008. FXCM's primary business model—No Dealing Desk execution—enables the company to generate strong earnings in both high and low volatility periods. FXCM is able to achieve these results without having to take on proprietary trading risk. FXCM continues to set a standard for the entire forex industry.
Share this
Yigg
Digg
Del.icio.us
Reddit
Jumptags
StumbleUpon
Slashdot
Furl
Yahoo
Blogmarks
Diigo
Technorati
Newsvine
Folkd
Spurl
Googlize this
Blinklist
Facebook
Wikio
