FXCM Holdings LLC 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:
$145,072,098 In Capital (Assets Minus Liabilities)
$179,381,756 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."
FOR THE MONTH ENDED DECEMBER 31, 2008(Amounts in USD)
CUSTOMER CASH $252,844,782
OPERATING CASH $179,381,756
OTHER ASSETS $5,941,945
FIXED ASSETS $7,762,294
TOTAL ASSETS $445,930,777
CUSTOMER DEPOSITS $252,844,617
DEFERRED REVENUE $18,000,000
OTHER LIABILITIES $30,014,062
TOTAL LIABILITIES $300,858,679
FXCM CAPITAL $145,072,098
TOTAL LIABILITIES AND FXCM CAPITAL $445,930,777