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FXCM sees December, Q4 2016, annual trading volumes fall

FXCM, the leading US forex brokerage saw a double-digit decline in its December retail and institutional trading volumes both on a monthly and annual basis, show the officially released company metrics. 

 
Additionally, the data shows that the retail trading volume in Q4 2016 and the full annual volume also declined, when compared to the last quarter of 2015 and the year overall.
 
The FXCM December metrics show that the retail customer of the broker generated a trading volume of $235 billion – 33% lower than November 2016 and 27% lower than December 2015. The trading volume in the fourth quarter 2016 was $893 billion, 2% higher than the third quarter 2016, and 7% lower than the fourth quarter of 2015. The total retail customer trading volume for 2016 amounted to $3.5 trillion, which is 8% lower than the full year 2015.
 
In December 2016 the average retail customer daily trading volume was $11.2 billion – 30% lower than November 2016 and 24% lower than December 2015. Similarly, the number of client trades per day also fell – to an average of 484,611, or 21% less than November and 3% less than December 2015.
 
The number of active client accounts in December also dropped from November, however very insignificantly (0.4%), and rose barely 0.5% from the previous December.
 
The institutional clients of FXCM generated a trading volume of $25 billion in December 2016 – 11% less than November 2016 and 31% lower than the previous December. The average daily volume decreased 8% from November and 25% from the last month of 2015. The average number of institutional client trades per day in December 2016, 3% lower than November 2016 and 18% higher than December 2015.
 
The quarterly institutional volume of FXCM fell to $77 billion – 20% lower than the third quarter 2016, and 31% lower than the fourth quarter 2015.
 
The full year institutional trading volume of FXCM fell 1% from 2015, to $527 billion. 
 
Similarly, one of FXCM's competitors on the US forex markets – Gain Capital and its retail brand Forex.com, this week also reported a decline of the trading volumes, both on a monthly and annual basis.
 
Earlier this month the official company data filed with the CFTC showed that the size of its retail client deposits in December fell from the last month of 2015. 
 
Forex Capital Markets is one of the few brokers who still operate in the US. It is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the US Commodity Futures Trading Commission (CFTC). It has units registered and regulated with the relevant authorities in the US, the UK, Australia, and France. The broker offers forex, CFDs, and spread betting services. 
 
 
TAGS: fxcm  december  trading volume  retail  institutional   

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