IG Group reports Q4 results
FXCM announced May volumes at $328 billion for retail and $80 billion for institutional, both up nicely in double-digit-percents from April. FXCM has continued to slowly build its institutional business, which typically is more steady than retail, although not quite as profitable – as we reported last month after full Q1 numbers were released, FXCM earns about 1.9 pips per round-trip trade on its retail volume, but only 0.7 pips on institutional trades. FXCM stock was up 1% in morning NYSE trading.
IG Group reports Q4 results Conclusion
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