Exhibit 99.1

 

FXCM Group Provides Financial Information

for Second Quarter 2017

 

NEW YORK, August 9, 2017 —

FXCM Group, LLC ("FXCM Group" or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, today provided selected financial information regarding its second quarter 2017 results.

 

“In the second quarter of this year we were able to generate solid Adjusted EBITDA from continuing operations of $10.5 million in a difficult environment of particularly low volatility,” said Brendan Callan, CEO of FXCM. “This is in large part due to strong revenue capture in our FX and CFD businesses coupled with a substantial cost reduction earlier this year.”

 

“With the expected proceeds from the pending sale of our stake in FastMatch, we expect our balance sheet to further improve as we continue to pay down our debt to Leucadia,” continued Callan. “We remain very optimistic about the future of our business.”

 

FXCM Group, LLC (US Millions) (unaudited)

 

Selected Income Statement Data

Three months ended June 30, 2017

 

Total Net Revenues  $49.4 
Operating Expenses (1)  $39.3 
Loss from Continuing Operations  $(1.9)
Net Loss  $(2.4)
Adjusted EBITDA Continuing Operations(2)  $10.5 

 

(1)Excludes depreciation and amortization of $5.0 million
(2)See reconciliation following

 

Selected Balance Sheet Data

As at June 30, 2017

 

Cash and Cash Equivalents  $123.9 
Cash and cash equivalents, held for customers  $352.3 
Total Assets  $596.7 
Credit Agreement to Leucadia  $119.7 
Total Members' Capital  $55.2 

 


The following information was filed by Global Brokerage, Inc. (GLBR) on Wednesday, August 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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