Seeking Alpha

gersegal's  Instablog

gersegal
Send Message
Gerald Segal is a Managing Director at LeapRate, which provides analysis of the Online Forex Trading world. Gerald's reports are a leading source of information on the size, growth and regulation of the Online Forex industry. Prior to founding LeapRate Gerald was an investment banker for 18... More
My company:
LeapRate
My blog:
LeapRate's Forex Industry News
View gersegal's Instablogs on:
  • FXCM And Gain Capital Post Stellar Q2 Results

    Looks like its a great time to be a retail forex broker. FXCM posted record revenues and its shares traded up 8%. And Gain Capital (Forex.com) posted record revenues and profits -- and this is before it closes the acquisition of GFT. The secret? Rising margins. Details at LeapRate:

    Gain Capital (Forex.com) revenues and profits soar in Q2

    FXCM shares respond well to Q2 results and July volumes

    For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

    fx brokers, forex brokers, trade forex, fx trading, avafx, axitrader, fxcm, alpari, swissquote, mig bank, FXCM, FXDD, FxPro, forex news

    Tags: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, JEF, JPM
    Aug 07 5:39 PM | Link | Comment!
  • Forex Industry Broker Shares Soar In Q2
    FXCM, Gain Capital and IG Group shares set all-time or multi-year highs, while the overall stock market stalls in Q2.

    FXCM, GCAP, IGG, forex broker, FXCM share price, Gain Capital, Forex.comQ2 was not very kind to Gold prices (down 23%) or equity markets (basically flat), or even bond prices, but it was very kind to publicly traded Forex brokers. But Q2 brought with it increased volatility in virtually all financial markets, as investors hovered between liquidity-driven euphoria, and this-must-end-at-some-point worry.

    The result -- great conditions for retail forex brokers. Several of the world's leading forex brokers reported record volumes during Q2. And the stock market finally began to take notice. During the second quarter:

    • FXCM -- up 20%
    • Gain Capital (Forex.com) -- up 42%
    • IG Group -- up 9%

    (click to enlarge)

    FXCM (at $16.41 per share) and IG (at £5.79) are basically at all time highs. Gain Capital ($6.31) still sits well below its December 2010 IPO price of $9, but is certainly moving in the right direction, and in mid June crossed the $6 barrier for the first time, while continuing to climb higher to the end of the month.

    As we exclusively reported several weeks ago, we understand that more than one retail forex broker is taking a serious look at launching an IPO during the fall months -- which would be the first forex IPO since 2010 -- riding the wave of positive investor sentiment on Wall Street and in the London City crowd toward the forex industry.

    Stay tuned...

    For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

    Dont trade until you get LeapRate Research v3 for newsletter

    Tags: AMP, AMTD, BAC, BBD, BBVA, BCS, BGCP, BK, BMO, BNS, BTFRF, C, CM, CME, CS, DB, DJ, ETFC, FB, FTGI, FXCM, GCAP, GS, HSBC, IAPLF, IAPLY, IBKR, IGGRY, JEF, JPM, IPO
    Jul 01 10:06 AM | Link | Comment!
  • Forex Broker Shares Are Soaring – More IPOs In The Works?

    Record retail forex volumes have caught the eye of stock market investors - and they are snapping up FX broker shares.

    FXCM, IG Group, Forex.com, GCAP, Gain Capital, Monex, share price, forex brokerLeapRate Exclusive..... Our recent reporting on the record retail forex trading volumes being achieved by FX brokers around the world has indeed been noticed by the Wall Street and London City crowds. Over the first six months of 2013, shares of publicly traded Retail Forex brokers are up in the 30%-60% range, well beyond the 15%-16% rise in the major stock indices.

    Forex broker, FXCM, GCAP, Gain Capital, IG, IG Group, Monex

    As the graph above shows, so far in 2013:

    • FXCM (NYSE: FXCM) shares are up 56%, and now sit 11% above their $14-per-share 2010 IPO price,
    • Gain Capital (NYSE: GCAP) shares are up 50%, and recently crossed the $6 mark for the first time since early 2012, although they still are well below their $9 IPO price,
    • IG Group (LON: IGG) shares are up 27%, sitting at an all-time high,
    • Monex Group (TYO: 8698) shares are up 85%.

    For more details see LeapRate's Forex Industry News at leaprate.com.

    For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

    Dont trade until you get LeapRate Research v3 for newsletter

    Jun 19 9:25 AM | Link | Comment!
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.