Global Brokerage, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020
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Global Brokerage, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 45.124 million. Operating income was USD 7.036 million. Net loss was USD 6.756 million. Basic loss per share was USD 0.82. For the half year, sales was USD 84.373 million. Operating income was USD 13.214 million. Net loss was USD 13.660 million. Basic loss per share from continuing operations was USD 1.65. Basic loss per share was USD 1.66.
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.