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FXCM Group's May metrics recover from April

Jun 14 2017
By
Jonathan Smith

The retail and institutional trading metrics of FXCM Group in May have shown signs of recovery after April's decline.

 

According to the company report, in May the customer trading volume stood at $213 billion, which is 21% higher than in April. When compared to last May, however, it is 21% lower. The average customer trading volume per day stood at $9.3 billion – 6% higher than April and 24% lower than in May 2016.

 

At the same time, however, the average number of customer trades per day in May was 334 536, which is 4% than in April and 32% than last May. The number of active accounts (an account that has made at least one trade in the past 12 months) in May also decreased, but not much. The total number stood at 128 242 – 1124 less than in the end of April and 5141 less than in the end of May 2016.

 

At the same time, the number of tradable accounts (an account with enough funds to place a trade in accordance with FXCM's trading requirements) has increased, however by barely 412 (0.4%) from April 2017. When compared to last May, though, the number of tradable accounts has decreased by 5%.

 

In its statement, FXCM Group, which includes the UK and Australia-regulated units of Global Brokerage, says the operating data in the report is preliminary and should not be taken as an indication of the financial performance of FXCM Group.

 

All data excludes the metrics of the now closed US branch FXCM US.

 

After the closure of the US business, FXCM Group still has its regulated forex businesses in the UK and across the major EU markets Germany, Italy and France, Australia, Israel and South Africa, as well as in Hong Kong, New Zealand, Japan. The broker offers forex, CFDs, and spread betting services.

 

TAGS: fxcm 

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