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FXCM Inc. Announces Fourth Quarter 2013 And Full Year 2013 Results

FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange, or FX, trading and related services, today announced revenues under U.S. GAAP for the quarter ended December 31, 2013 of $113.3 million, compared to $108.1 million for the quarter ended December 31, 2012, an increase of 5%. U.S. GAAP net income was $2.97 million or $0.08 per fully diluted Class A share for the fourth quarter 2013, compared to $3.00 million or $0.11 per fully diluted Class A share for the fourth quarter 2012, a decrease of 1% and 27%, respectively.

Under U.S. GAAP, revenues for the year ended December 31, 2013 increased 17% to $489.6 million, compared to $417.3 million for the corresponding period in 2012. U.S. GAAP net income for the year ended December 31, 2013 was $14.8 million, or $0.44 cents per fully diluted Class A share versus $9.0 million or $0.37 cents per fully diluted Class A share, an increase of 66% and 19%, respectively.

Adjusted Pro Forma revenues for the fourth quarter 2013 were $107.6 million, compared to $108.1 million for the fourth quarter 2012, a decrease of 0.5%. Adjusted Pro Forma EBITDA for the fourth quarter 2013 was $26.8 million, compared to $29.8 million for the fourth quarter 2012, a decrease of 10%. Adjusted Pro Forma Net Income was $7.3 million or $0.10 per fully exchanged, fully diluted share for the fourth quarter 2013, compared to $9.7 million or $0.13 per fully exchanged, fully diluted share for the fourth quarter 2012, a decrease of 24% and 23%, respectively.

Adjusted Pro Forma EBITDA for the year ended December 31, 2013 was $158.0 million, compared to $112.9 million, for the corresponding period in 2012, an increase of 40%. Adjusted Pro Forma Net Income for the year ended December 31, 2013 was $57.8 million, or $0.76 per share on a fully exchanged, fully diluted basis, compared to $42.6 million, or $0.58 per share on a fully exchanged, fully diluted basis, for the corresponding period in 2012, an increase of 36% and 31%, respectively.

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