Forex trading firm FXCM takes a -12.6% hit after reporting disappointing monthly metrics late...

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

Forex trading firm FXCM takes a -12.6% hit after reporting disappointing monthly metrics late yesterday. In its report, the company notes that "revenue per million continues to be constrained by low interest rates and increased trading from high volume, lower margin clients." Citigroup cut the shares to sell on the news, saying 2012-2013 consensus estimates for the company are too high.