UPDATE: FXCM Posts Upbeat Q3 Profit

FXCM

reported a 33% rise in its third-quarter earnings. FXCM's quarterly profit surged to $4.5 million, from $3.4 million, in the year-earlier period. On a per-share basis, its income dropped to $0.17 from $0.21. Its revenue climbed 5.5% to $114.9 million. However, analysts were expecting a profit of $0.14 per share on revenue of $107 million. FXCM's total trading volume declined 17%. However, daily average trades fell 21%. FXCM shares closed at $9.03 yesterday.