Electronic currency exchange FX Alliance (FX) closes its first trading day at $13.74, up 14.5%...

|About: FX Alliance Inc. (FX)|By:, SA News Editor

Electronic currency exchange FX Alliance (FX) closes its first trading day at $13.74, up 14.5% from an IPO price of $12. The company, typically referred to as FXall, estimates it generated 2011 revenue of $117.5M-$118.5M (up about 19% Y/Y) and net income of $25.6M-$26.4M. FXall claims 57 S&P Global 100 members are among its 1,000+ clients. (previously) (S-1).