Global Brokerage, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 11:29 pm EDT
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Global Brokerage, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 30.57 million. Revenue was USD 31.12 million. Net loss was USD 9.35 million. Basic loss per share was USD 1.13.
Global brokerage, Inc., formerly FXCM Inc. (FXCM), is engaged in providing online foreign exchange (FX) trading, contract for difference (CFD) trading, spread betting and related services. The Company owns over 50% of FXCM Group, LLC (FXCM Group). FXCM Group is a holding company of Forex Capital Markets LLC, (FXCM US), Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU). The Company focuses on providing global traders with access to market by offering trading tools, hiring trading educators. In addition, FXCM offers educational courses on FX trading and provides trading tools data and resources. FXCM Pro provides retail brokers, small hedge funds and market banks access to wholesale execution and liquidity, as well as providing high and medium frequency funds access to prime brokerage services through FXCM Prime.