Releases April 2015 Customer Trading
Metrics
First Quarter 2015 Highlights:
- U.S. GAAP trading revenues from continuing operations of $69.2
million
- U.S. GAAP net loss attributable to FXCM Inc. from continuing
operations of $393.3 million or $8.35 per fully diluted share
- U.S. GAAP revenues from discontinued operations of $28.8
million
- U.S. GAAP net loss attributable to FXCM Inc. from discontinued
operations of $33.5 million or $0.71 per fully diluted share
- Results from continuing and discontinued operations include
$265.3 million of bad debt expense related to January 15th SNB
action, a $292.4 million non-cash expense item relating to
Leucadia's financing package, a $96.2 million non-cash impairment
relating primarily to goodwill and intangibles for FXCM's
institutional business and a net $32.7 million non-cash expense
relating to the write-down of deferred tax assets
- Adjusted EBITDA from continuing and discontinued operations of
$14.5 million
- Strong operating cash position of $328.7 million in combined
operating cash and regulatory surplus of $200.6 million at March
31, 2015
- Repaid $81.6 million of Leucadia loan to date - $12.4 million
in the quarter and $69.2 million subsequent to quarter-end
April 2015 Customer Trading Metrics from Continuing
Operations(1) Highlights:
- Retail customer trading volume(2) of $306 billion, 7% lower
than March 2015
- Institutional customer trading volume(2) of $220 billion, 10%
lower from March 2015
- Retail account additions of 3,045, 2% higher than March
2015
FXCM Inc. (NYSE:FXCM), a leading online provider of foreign
exchange, or FX, trading and related services, today announced for
the quarter ended March 31, 2015, U.S. GAAP trading revenues from
continuing operations of $69.2 million, compared to $82.2 million
for the quarter ended March 31, 2014, a decrease of 16%. U.S. GAAP
net loss attributable to FXCM Inc. from continuing operations was
$393.3 million for the first quarter 2015 or $8.35 per fully
diluted share, compared to U.S. GAAP net loss attributable to FXCM
Inc. from continuing operations of $0.8 million or $0.02 per fully
diluted share for the first quarter 2014.
Results from operations for the quarter ended March 31, 2015
included a number of extraordinary items that resulted from the
events of January 15, 2015 where FXCM's customers suffered negative
equity balances due to the unprecedented move in the Swiss Franc
after the Swiss National Bank (SNB) discontinued its peg of the
Swiss Franc to the Euro and the subsequent financing package
provided by Leucadia National Corp. ("Leucadia") announced on
January 16, 2015 in order for FXCM to maintain its regulatory
capital requirements.
Included in the first quarter 2015 in continuing operations
were: (i) a $256.9 million bad debt expense, net of recoveries,
relating to negative client equity balances, (ii) a loss on
derivative liability of $292.4 million, a non-cash item relating to
the increase in value of the Leucadia Letter Agreement, a component
of the financing package provided by Leucadia, which is treated as
a derivative under U.S. GAAP and valued at its estimated fair value
on each reporting date and (iii) goodwill impairment losses of $9.5
million, primarily in the institutional business, (iv) other income
of $145.2 million due to the reduction of FXCM Inc.'s estimated tax
receivable agreement liability offset by a corresponding provision
for income tax of $177.9 million.
FXCM estimated the fair value of the Leucadia Letter Agreement
using a combination of valuation approaches, including using the
common stock price of FXCM, a guideline public company method as
well as a discounted cash flow method, then using an option pricing
model for the allocation of enterprise value among various
components. Small changes in assumptions in the models used could
materially change the estimated fair value.
In the quarter, FXCM classified several non-core assets(3) as
discontinued as they are in the process of being sold. The first of
these businesses, FXCM Japan, was sold on April 1, 2015 for $62.0
million.
U.S. GAAP revenues from discontinued operations were $28.8
million, compared to $32.2 million for the quarter ended March 31,
2014, a decrease of 10%. U.S. GAAP net loss attributable to FXCM
Inc. from discontinued operations was $33.5 million for the first
quarter 2015 or $0.71 per fully diluted share, compared to U.S.
GAAP net income attributable to FXCM Inc. from discontinued
operations of $2.9 million or $0.07 per fully diluted share for the
first quarter 2014. Results from discontinued operations include
impairment losses primarily related to goodwill and intangibles of
$86.7 million.
Adjusted revenue from continuing and discontinued operations for
the first quarter 2015 was $98.8 million, compared to $111.3
million for the first quarter 2014, a decrease of 11%. Adjusted
EBITDA from continuing and discontinued operations for the first
quarter 2015 was $14.5 million, compared to $24.6 million for the
first quarter 2014, a decrease of 41%.
Adjusted Revenue and Adjusted EBITDA are Non-GAAP financial
measures. These measures do not represent and should not be
considered as a substitute for net income, net income attributable
to FXCM Inc. or net income per Class A share or as a substitute for
cash flow from operating activities, each as determined in
accordance with U.S. GAAP, and our calculations of these measures
may not be comparable to similarly entitled measures reported by
other companies. See "Non-GAAP Financial Measures" beginning on A-3
of this release for additional information regarding these Non-GAAP
financial measures and for reconciliations of such measures to the
most directly comparable measures calculated in accordance with
U.S. GAAP.
FXCM Inc. today announced certain key customer trading metrics
for April 2015. Monthly activities included:
April 2015 Customer Trading Metrics from Continuing
Operations (1)
Retail Customer Trading Metrics
- Retail customer trading volume(2) of $306 billion in April
2015, 7% lower than March 2015 and 37% higher than April 2014.
- Average retail customer trading volume(2) per day of $13.9
billion in April 2015, 7% lower than March 2015 and 36% higher than
April 2014.
- An average of 510,050 retail client trades per day in April
2015, 3% lower than March 2015 and 58% higher than April 2014.
- Tradeable accounts(4) of 188,221 as of April 30, 2015, an
increase of 3,045, or 2%, from March 2015, and an increase of
40,888, or 28%, from April 2014.
Institutional Customer Trading Metrics
- Institutional customer trading volume(2) of $220 billion in
April 2015, 10% lower than March 2015 and 25% higher than April
2014.
- Average institutional trading volume(2) per day of $10.0
billion in April 2015, 10% lower than March 2015 and 25% higher
than April 2014.
- An average of 55,018 institutional client trades per day in
April 2015, 3% higher than March 2015 and 29% higher than April
2014.
More information, including historical results for each of the
above metrics, can be found on the investor relations page of
FXCM's corporate website www.fxcm.com.
This operating data is preliminary and subject to revision and
should not be taken as an indication of the financial performance
of FXCM Inc. FXCM undertakes no obligation to publicly update or
review previously reported operating data. Any updates to
previously reported operating data will be reflected in the
historical operating data that can be found on the Investor
Relations page of the Company's corporate website www.fxcm.com.
(1) Customer Trading Metrics from Continuing Operations excludes
discontinued operations of FXCM Japan and FXCM Hong Kong.
(2) Volume that FXCM customers traded in period is translated
into US dollars.
(3) Non-core assets include FXCM Japan, FXCM Hong Kong, Lucid,
V3 Markets, Faros, FXCM Securities (UK) Equities Business and
FXCM's equity investment in FastMatch.
(4) A Tradeable Account is an account with sufficient funds to
place a trade in accordance with FXCM trading policies.
| Selected Customer
Trading Metrics from Continuing Operations |
| |
|
| |
Three
Months Ended March 31, |
| |
2015 |
2014 |
%
Change |
| |
|
|
|
| Total retail trading volume ($ in
billions) |
$ 935 |
$ 813 |
15% |
| Total institutional trading volume ($ in
billions) |
$ 648 |
$ 508 |
28% |
| Total active accounts |
170,890 |
150,285 |
14% |
| Trading days in period |
63 |
63 |
0% |
| Daily average trades |
521,901 |
368,852 |
41% |
| Daily average trades per active account |
3.1 |
2.5 |
24% |
| Retail trading revenue per million
traded |
$ 67 |
$ 94 |
-29% |
| Total customer equity ($ in millions) |
$ 666.8 |
$ 765.5 |
-13% |
Conference Call
As previously announced, FXCM will host a conference call to
discuss the results on Monday May 11, 2015 at 8:15 a.m. (EDT). This
conference call will be available to domestic participants by
dialing 877.445.4603 and
443.295.9270 for international participants. The
conference ID number is 34581972.
A live audio webcast, a copy of FXCM's earnings release, and
presentation slides for this conference call will be available at
http://ir.fxcm.com/.
Disclosure Regarding Forward-Looking
Statements
In addition to historical information, this earnings release may
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934 and/or the Private Securities Litigation
Reform Act of 1995, which reflect FXCM's current views with respect
to, among other things, its operations and financial performance in
the future. These forward-looking statements are not historical
facts and are based on current expectations, estimates and
projections about FXCM's industry, management's beliefs and certain
assumptions made by management, many of which, by their nature, are
inherently uncertain and beyond our control. Accordingly, readers
are cautioned that any such forward-looking statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict
including, without limitation, risks associated with the events
that took place in the currency markets on January 15, 2015 and the
impact to FXCM's capital structure, risks associated with FXCM's
ability to recover all or a portion of any losses, risks relating
to the ability of FXCM to satisfy the terms and conditions of or
make payments pursuant to the terms of its agreements with
Leucadia, risks related to its dependence on FX market makers,
market conditions and those other risks described under "Risk
Factors" in FXCM Inc.'s Annual Report on Form 10-K and other
reports or documents FXCM files with, or furnishes to, the SEC from
time to time, which are accessible on the SEC website at sec.gov.
This information should also be read in conjunction with FXCM's
Consolidated Financial Statements and the Notes thereto contained
in FXCM's Annual Report on Form 10-K, and in other reports or
documents FXCM files with, or furnishes to, the SEC from time to
time, which are accessible on the SEC website at sec.gov.
These factors should not be construed as exhaustive and should
be read in conjunction with the other cautionary statements that
are included in this release and in our SEC filings. FXCM Inc.
undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as required by law.
Visit www.fxcm.com and follow us on Twitter @FXCM, Facebook
FXCM, Google+ FXCM or YouTube FXCM.
About FXCM Inc.
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign
exchange (forex) trading, CFD trading, spread betting and related
services. Our mission is to provide global traders with access to
the world's largest and most liquid market by offering innovative
trading tools, hiring excellent trading educators, meeting strict
financial standards and striving for the best online trading
experience in the market.
Clients have the advantage of mobile trading, one-click order
execution and trading from real-time charts. In addition, FXCM
offers educational courses on forex trading and provides free news
and market research through DailyFX.com.
Trading foreign exchange and CFDs on margin carries a high level
of risk, which may result in losses that could exceed your
deposits, therefore may not be suitable for all investors. Read
full disclaimer.
| ANNEX I |
| |
|
| Schedule |
Page Number |
| |
|
| U.S. GAAP Results |
|
| Unaudited U.S. GAAP Condensed Consolidated
Statements of Operations for the Three Months Ended March 31, 2015
and 2014 |
A-1 |
| Unaudited U.S. GAAP Condensed Consolidated
Statements of Financial Condition As of March 31, 2015 and December
31, 2014 |
A-2 |
| |
|
| Non-GAAP Financial
Measures |
A-3 |
| Reconciliation of U.S. GAAP Reported to
Adjusted EBITDA |
A-4 |
| Schedule of Cash and Cash Equivalents and
Amounts Due to/from Brokers |
A-5 |
| |
| FXCM Inc. |
| Condensed Consolidated
Statements of Operations |
| (In thousands, except per
share amounts) |
| (Unaudited) |
| |
|
|
| |
Three
Months Ended March 31, |
| |
2015 |
2014 |
| Revenues |
|
|
| Trading revenue |
$ 69,214 |
$ 82,171 |
| Interest income |
322 |
455 |
| Brokerage interest expense |
(204) |
(58) |
| Net interest
revenue |
118 |
397 |
| Other income |
145,858 |
266 |
| Total net
revenues |
215,190 |
82,834 |
| Operating Expenses |
|
|
| Compensation and benefits |
25,039 |
24,992 |
| Referring broker fees |
16,069 |
18,806 |
| Advertising and marketing |
2,817 |
5,961 |
| Communication and
technology |
9,517 |
9,333 |
| Trading costs, prime brokerage
and clearing fees |
1,140 |
1,697 |
| General and administrative |
13,655 |
13,466 |
| Bad debt expense |
256,915 |
-- |
| Depreciation and
amortization |
7,020 |
6,066 |
| Goodwill impairment loss |
9,513 |
-- |
| Total
operating expenses |
341,685 |
80,321 |
| Operating (loss) income |
(126,495) |
2,513 |
| Other Expense |
|
|
| Loss on derivative liability —
Letter Agreement |
292,429 |
-- |
| Loss on equity method
investments, net |
151 |
86 |
| Interest on borrowings |
30,559 |
2,997 |
| Loss from continuing operations
before income taxes |
(449,634) |
(570) |
| Income tax provision |
179,762 |
751 |
| Loss from continuing
operations |
(629,396) |
(1,321) |
| (Loss) income from discontinued operations,
net of tax |
(98,598) |
4,166 |
| Net (loss) income |
(727,994) |
2,845 |
| Net (loss) income attributable
to non-controlling interest in FXCM Holdings, LLC |
(257,375) |
2,427 |
| Net loss attributable to other
non-controlling interests |
(43,802) |
(1,659) |
| Net (loss) income attributable to
FXCM Inc. |
$ (426,817) |
$ 2,077 |
| |
|
|
| Loss from continuing operations attributable
to FXCM Inc. |
$ (393,325) |
$ (792) |
| (Loss) income from discontinued operations
attributable to FXCM Inc. |
(33,492) |
2,869 |
| Net (loss) income attributable to
FXCM Inc. |
$ (426,817) |
$ 2,077 |
| |
|
|
| Weighted average shares of Class A common
stock outstanding - Basic and Diluted |
47,131 |
39,077 |
| |
|
|
| Net (loss) income per share attributable to
stockholders of Class A common stock of FXCM Inc. - Basic and
Diluted: |
|
|
| Continuing operations |
$ (8.35) |
$ (0.02) |
| Discontinued operations |
(0.71) |
0.07 |
| Net (loss) income attributable
to FXCM Inc. |
$ (9.06) |
$ 0.05 |
| |
|
|
| Dividends declared per common share |
$ -- |
$ 0.06 |
A-1
| |
| FXCM Inc. |
| Condensed Consolidated
Statements of Financial Condition |
| As of March 31, 2015 and
December 31, 2014 |
| (Amounts in thousands
except share data) |
| |
(Unaudited) |
|
| |
March 31,
2015 |
December 31,
2014 |
| Assets |
|
|
| Current assets |
|
|
| Cash and cash equivalents |
$ 215,727 |
$ 256,887 |
| Cash and cash equivalents, held
for customers |
666,825 |
901,227 |
| Due from brokers |
17,802 |
9,772 |
| Accounts receivable, net |
5,802 |
7,209 |
| Deferred tax asset |
1 |
9,065 |
| Tax receivable |
1,298 |
1,381 |
| Current assets held for
sale |
728,490 |
548,506 |
| Total current
assets |
1,635,945 |
1,734,047 |
| Deferred tax asset |
1,816 |
172,619 |
| Office, communication and computer equipment,
net |
38,734 |
39,028 |
| Goodwill |
27,879 |
37,774 |
| Other intangible assets, net |
13,320 |
15,338 |
| Notes receivable |
7,881 |
9,381 |
| Other assets |
12,488 |
14,829 |
| Noncurrent assets held for sale |
-- |
364,411 |
| Total
assets |
$ 1,738,063 |
$ 2,387,427 |
| Liabilities and Stockholders'
(Deficit) Equity |
|
|
| Current liabilities |
|
|
| Customer account
liabilities |
$ 666,825 |
$ 901,227 |
| Accounts payable and accrued
expenses |
38,377 |
35,189 |
| Revolving credit agreement |
-- |
25,000 |
| Due to brokers |
722 |
15,983 |
| Due to related parties pursuant
to tax receivable agreement |
-- |
5,352 |
| Current liabilities held for
sale |
383,296 |
455,915 |
| Total current
liabilities |
1,089,220 |
1,438,666 |
| Deferred tax liability |
1,272 |
1,698 |
| Senior convertible notes |
152,955 |
151,578 |
| Credit agreement |
189,520 |
-- |
| Due to related parties pursuant to tax
receivable agreement |
-- |
145,224 |
| Derivative liability — Letter Agreement |
386,230 |
-- |
| Other liabilities |
6,045 |
5,957 |
| Noncurrent liabilities held for sale |
-- |
1,288 |
| Total
liabilities |
1,825,242 |
1,744,411 |
| Commitments and
Contingencies |
|
|
| Stockholders' (Deficit)
Equity |
|
|
| Class A common stock, par value
$0.01 per share; 3,000,000,000 shares authorized, 50,709,113 and
47,889,964 shares issued and outstanding as of March 31, 2015 and
December 31, 2014, respectively |
507 |
479 |
| Class B common stock, par value
$0.01 per share; 1,000,000 shares authorized, 31 and 34 shares
issued and outstanding as of March 31, 2015 and December 31, 2014,
respectively |
1 |
1 |
| Additional paid-in capital |
281,868 |
273,708 |
| (Accumulated deficit) retained
earnings |
(404,438) |
22,379 |
| Accumulated other comprehensive
loss |
(14,237) |
(11,879) |
| Total stockholders' (deficit)
equity, FXCM Inc. |
(136,299) |
284,688 |
| Non-controlling interests |
49,120 |
358,328 |
| Total stockholders'
(deficit) equity |
(87,179) |
643,016 |
| Total liabilities and stockholders'
(deficit) equity |
$ 1,738,063 |
$ 2,387,427 |
A-2
Non-GAAP Financial
Measures
We use Non-GAAP financial measures to evaluate our operating
performance, as well as the performance of individual employees.
Management believes that the disclosed Non-GAAP measures when
presented in conjunction with comparable U.S. GAAP measures are
useful to investors to compare FXCM's results across several
periods and facilitate an understanding of FXCM's operating
results. These measures do not represent and should not be
considered as a substitute for, or superior to, net income, net
income attributable to FXCM Inc. or net income per Class A share or
as a substitute for, or superior to, cash flow from operating
activities, each as determined in accordance with U.S. GAAP, and
our calculations of these measures may not be comparable to
similarly entitled measures reported by other companies.
1. Compensation Expense. Adjustments
have been made to eliminate expense relating to stock based
compensation relating to the Company's IPO as well as costs
associated with the acquisition of V3 Markets, LLC. Given the
nature of these expenses, they are not viewed by management as
expenses incurred in the ordinary course of business and management
believes it is useful to provide the effects of eliminating these
expenses.
2. Compensation Expense/ Lucid
Minority Interest. Our reported U.S. GAAP results reflect the
portion of the 49.9% of Lucid earnings allocated among the
non-controlling members of Lucid based on services provided as a
component of compensation expense under Allocation of income to
Lucid members for services provided. Adjustments have been made to
reclassify this allocation of Lucid's earnings attributable to
non-controlling members to "Net (loss) income attributable to other
non-controlling interests". The Company's management believes that
this reclassification provides a more meaningful view of the
Company's operating expenses and the Company's economic arrangement
with Lucid's non-controlling members. This adjustment has no impact
on net income as reported by the Company.
3. Acquisition
Costs/Income. Adjustments have been made to eliminate
certain acquisition related costs/income. Given the nature of these
items, they are not viewed by management as expenses/income
incurred in the ordinary course of business and management believes
it is useful to provide the effects of eliminating these items.
4. Regulatory
Costs. Adjustments have been made to eliminate certain
costs (including client reimbursements) associated with ongoing
discussions and settling certain regulatory matters. Given the
nature of these expenses, they are not viewed by management as
expenses incurred in the ordinary course of business and management
believes it is useful to provide the effects of eliminating these
expenses.
5. SNB Costs. Adjustments
have been made to eliminate certain costs/income (including costs
related to the implementation of a Stockholder Rights Plan and
adjustments to the Company's tax receivable agreement contingent
liability) associated with the January 15, 2015 SNB event. Given
the nature of these expenses, they are not viewed by management as
expenses incurred in the ordinary course of business and management
believes it is useful to provide the effects of eliminating these
expenses.
A-3
| |
Reconciliation of U.S.
GAAP Reported to Non-GAAP Adjusted Measures(1) |
| |
Three Months Ended
March 31, |
| |
2015 |
2014 |
| |
Continuing |
|
|
Continuing |
|
|
| |
Ops |
Disc
Ops |
Combined |
Ops |
Disc
Ops |
Combined |
| Net (loss) income |
$ (629,396) |
$ (98,598) |
$ (727,994) |
$ (1,321) |
$ 4,166 |
$ 2,845 |
| EBIDTA
Adjustments |
|
|
|
|
|
-- |
| Depreciation and
amortization |
7,020 |
12,359 |
19,379 |
6,066 |
6,564 |
12,630 |
| Interest on borrowings |
30,559 |
-- |
30,559 |
2,997 |
-- |
2,997 |
| MTM loss on derivatives |
292,429 |
-- |
292,429 |
-- |
-- |
-- |
| Goodwill and held for sale
impairment |
9,513 |
81,364 |
90,877 |
-- |
-- |
-- |
| Income tax provision |
179,762 |
4,900 |
184,662 |
751 |
500 |
1,251 |
| EBITDA |
(110,113) |
25 |
(110,088) |
8,493 |
11,230 |
19,723 |
|
Adjustments |
|
|
|
|
|
|
| Net Revenues(2) |
(145,224) |
-- |
(145,224) |
-- |
(3,672) |
(3,672) |
| Compensation and
benefits(3) |
-- |
-- |
-- |
1,902 |
272 |
2,174 |
| Allocation of net income to
lucid members for services provided(4) |
-- |
2,686 |
2,686 |
-- |
2,973 |
2,973 |
| Communication and
technology(5) |
-- |
-- |
-- |
-- |
206 |
206 |
| General and
administrative(6) |
1,837 |
-- |
1,837 |
3,037 |
163 |
3,200 |
| Bad debt expense(7) |
256,915 |
8,408 |
265,323 |
-- |
-- |
-- |
| Adjusted EBITDA |
$ 3,415 |
$ 11,119 |
$ 14,534 |
$ 13,432 |
$ 11,172 |
$ 24,604 |
| (1) The presentation includes
Non-GAAP financial measures. These Non-GAAP financial measures are
not prepared under any comprehensive set of accounting rules or
principles, and do not reflect all of the amounts associated with
the Company's results of operations as determined in accordance
with U.S. GAAP. |
| (2) Represents the elimination of
a $145.2 million benefit in Q1 2015 attributable to the reduction
of our tax receivable agreement contingent liability to zero and
the elimination of a $3.7 million benefit recorded to reduce the
contingent consideration related to the Faros acquisition in Q1
2014. |
| (3) Represents the elimination of
stock-based compensation associated with the IPO of $1.9 million in
Q1 2014 and the elimination of V3 acquisition costs of $0.3 million
in Q1 2014. |
| (4) Represents the elimination of
the 49.9% of Lucid's earnings allocated among the non-controlling
interests recorded as compensation for U.S. GAAP purposes. |
| (5) Represents the elimination of
V3 acquisition costs in Q1 2014. |
| (6) Represents the expense
related to the Stockholders Rights Plan and the legal fees
resulting from the SNB event of $1.8 million in Q1 2015, the net
expense relating to pre-August 2010 trade execution practices and
other regulatory fees and fines of $2.5 million in Q1 2014 and the
elimination of V3 acquisition costs of $0.5 million in continuing
ops and $0.2 million in discontinued ops in Q1 2014. |
| (7) Represents the net bad debt
expense related to client debit balances associated with the
January 15, 2015 SNB event. |
A-4
Schedule of Cash and Cash Equivalents and Due to/from
Brokers
| |
March
31, 2015 |
December 31, 2014 |
| |
Continuing
Ops |
Disc
Ops |
Combined |
Continuing
Ops |
Disc
Ops |
Combined |
| Cash & Cash
Equivalents |
215,727 |
71,748 |
287,475 |
256,887 |
85,263 |
342,150 |
| Due From Brokers |
17,802 |
24,945 |
42,747 |
9,772 |
27,552 |
37,324 |
| Due to Brokers |
(722) |
(790) |
(1,512) |
(15,983) |
(330) |
(16,313) |
| Operating Cash |
232,807 |
95,903 |
328,710 |
250,676 |
112,485 |
363,161 |
A-5
CONTACT: Jaclyn Klein, 646-432-2463
Vice-President, Corporate Communications
and Investor Relations
jklein@fxcm.com
Global Brokerage (CE) (USOTC:GLBR)
Historical Stock Chart
From Apr 2024 to May 2024
Global Brokerage (CE) (USOTC:GLBR)
Historical Stock Chart
From May 2023 to May 2024
