FXCM and Gain Capital report sharp rise in Q1 revenues
FXCM and Gain Capital have reported a sharp rise in first quarter revenues over the same time last year, as traders made an aggressive return to markets following a year mired by a risk-on, risk-off environment.
Revenues at FXCM were up 20% to $122.9 million in the three months ending March 31, versus the first quarter of 2012. Adjusted pro forma Ebitda was up 76% to $43.8 million over the same period.
"Having grown our client base so significantly over the past few years, we were well
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