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28 Cards in this Set
- Front
- Back
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In how many countries do they have customers?
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140 countries worldwide.
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Customer percentage breakdown by geography?
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49.7% in U.S. = 54.5% of our total annual trading volume
50.3% outside US = 45.5% of our total annual trading volume. |
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Net revenue growth 2005-2009?
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$37.9 million in 2005 -- $153.3 million in 2009
compound annual growth rate of 41.8% |
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What are tradable retail accounts and why are they relevant?
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retail customers who maintain sufficient cash balances to trade
important indicator of our ability to attract new retail customers that can potentially lead to trading volume and revenue in the future |
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Number of traded retail accounts in past year?
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During the six months ended June 30, 2010, 42,992 traded retail accounts executed a forex transaction with us
vs. 33,589 traded retail accounts for the six months ended June 30, 2009, representing an increase of 28.0%. |
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Customer breakdown?
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self-directed retail investors represented 78.6% of our customer trading volume.
Managed accounts, which are accounts managed by authorized intermediaries trading on behalf of a retail account holder, represented 8.9% of our customer trading volume Institutional customers represented 12.5% of our volume |
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Risk management approach?
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We do not actively initiate proprietary directional market positions in anticipation of future movements in the relative prices of products we offer.
Instead, we continuously evaluate market risk exposure and actively hedge a portion of our customer transactions on a continuous basis |
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Capital levels?
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we maintained capital levels of $104.0 million, which represents approximately 3.3 times the capital we are required to hold
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How many online retail investors are there and how many trade forex?
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110 million online investors
1.1 million online retail investors who traded forex |
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Marketing/Conversion Strategy?
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Convert our registered practice trading accounts into traded retail accounts in order to grow our business and increase our market share.
We believe we can most effectively generate registered practice trading accounts and convert them into traded retail accounts by continuing to tailor our marketing strategy to each customer type we target and by offering prospective customers training, educational tools and superior customer service. |
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What is the spot market?
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A commodities or securities market in which goods are sold for cash and delivered immediately. Contracts bought and sold on these markets are immediately effective
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What are Equity index CFDs?
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Equity index CFDs give our customers outside the United States access to trade popular global equity indices located in the United Kingdom, Germany, France and United States.
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Who is the CEO?
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Glenn Stevens, former chief forex dealer at Merrill
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How is GAIN looking to expand?
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Approximately 2/3 of customers have told us that they trade or have traded other financial products, such as equities, futures and options.
increase the number of available currency pairs, as well as adding OTC currency options and a range of other currency-related investment products Expand CFD product offerings outside of the United States to support trading of other financial instruments and commodity products located in various jurisdictions, including Europe, Japan, Hong Kong, Australia and the United States |
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What is FCM?
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Futures Commission Market:
A merchant involved in the solicitation or acceptance of commodity orders for future delivery of commodities related to the futures contract market. |
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2009 Revenue?
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$153 Million
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2009 Marketing budget?
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$39 million
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2009 EPS?
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$21
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2009 Net income?
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$27million
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What is prime brokerage?
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A special group of services that many brokerages give to special clients. The services provided under prime brokering are securities lending, leveraged trade executions, and cash management, among other things. Prime brokerage services are provided by most of the large brokers, such as Goldman Sachs
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Total Capitalization?
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$134 million
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Total convertible Equity?
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$164 million
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Main drivers of revenue?
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customer trading volume;
retail trading revenue per million traded; net deposits received from retail customers; traded retail accounts, and retail customer equity. |
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2009 Customer Trading Volume?
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$739.0 billion
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FASB?
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Financial Accounting Standards Board.
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How many outstanding shares?
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1,327,368 shares of common stock
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Competitors in Google Search?
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FXstreet – content
FXCM FXDD City Credit Capital |
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Competitors in S1
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E*TRADE
• GFI Group • Knight Capital • thinkorswim Group • OptionsXpress • TradeStation Group • BGC Partners • Marketaxess • LaBranche & Company • DST Systems • Interactive Data • Factset Research Systems • Advent Software |
