FX all reports first quarterly results as a public company

FX all reports first quarterly results as a public company explained by professional Forex trading experts the “FX all reports first quarterly results as a public company” FX trading team.

FX all reports first quarterly results as a public company

Forex ECN FXall reported today its results for Q4-2011 – its first quarterly report as a public company, following FXall’s IPO last month. There weren’t too many surprises, as FXall gave us a glimpse into preliminary Q4 results in its IPO prospectus.

Highlights include:

Q4 revenue of $29.6 million, net earnings of $7.8 million
Active trading (ECN) volume of $16.3 billion per day, down 20% from Q3

In its IPO prospectus, FXall said that it expected revenues for Q4 to be between $28.8 and $29.8 million, and net income between $7.3 and $8.1 million. Actual results seem to be in line with those expectations.

FX all reports first quarterly results as a public company Conclusion

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