logo |

News

    Home   >     Industry    >     Main body

    Forex Broker News May 14

    Abstract:Gain Capital produces $71 million of revenue for StoneX in Q2-2021.
    Gain-Capital-revenues-Q12021.png

      Gain Capital, and its Forex.com and City Index brands, produced $71.2 million of StoneX‘s record $471.4 million of Revenue in the company’s latest financial quarter to March 31, 2021. (That would be StoneXs Q2-2021, with the company having a September 30 fiscal year end).

      The StoneX-Gain Capital acquisition has been looking better and better each quarter for the company. StoneX spent $236 million to buy Gain Capital in mid 2020, and has already brought in more than half that amount in Revenues for the company, in just the last six months. Revenues from Gain Capital were $54.8 million last quarter (ending December 31, 2020), such that the latest quarter of Jan-Feb-Mar 2021 was up by 30%.

      StoneX FX and CFD trading volumes – coming mainly from the Gain Capital brands – were $11.1 billion ADV, up from $10.7 billion ADV the previous quarter. That translates into monthly trading volumes of about $240 billion at Forex.com and City Index.

      Overall in Q2-2021, StoneX reported record results. Sean M. OConnor, CEO of StoneX Group Inc., stated,

      “I believe this quarter represents the strongest core operating performance in our history, with record operating revenues, a 41% increase in net income versus the prior year and a 26.7% ROE on stated book value. This quarter demonstrates our efforts to build a diversified global franchise with growth in operating revenues and income across all of our operating segments. We continue to increase both our number of clients and their underlying volumes, which we feel positions us for success in the future.”

      During the three months ended March 31, 2021, the company completed the transfer of the majority of the operations of Gains U.K. domiciled subsidiaries into StoneX Financial Ltd. and subsequently closed out our derivative transactions, realizing a $1.2 million loss on the derivative positions and an offsetting $3.1 million foreign currency gain on revaluation for the three months ended March 31, 2021.

    分割线2.png

      Stay tuned, more global news coming soon!

    hi

    Latest News

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.