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FXCM’s November trading volume rebounds from October

Dec 07 2017
By
Jonathan Smith

 FXCM Group, the two remaining forex, CFD and spread betting units, in which Global Brokerage, has reported a customer trading volume of $218 billion in November 2017, 14% higher than October 2017, but 30% lower than November 2016.


Similarly, the average daily trading volume rose 14% month-on-month, to $9.9 billion. The number of customer trades per day in November stood at 336,465, which is 11% more than in October, but 37% lower than last November. The number of active accounts fell 2% from October and 11% from last November. The number of tradeable accounts (account with sufficient funds to place a trade in accordance with FXCM trading policies) also decreased 7% from October 2017, to 96,550.


It appears that the news of Global Brokerage, which still holds 50% of FXCM Group, filing for bankruptcy in November did not affect FXCM’s clients’ appetite for trading. Quite the contrary – it appears the clients, similarly to FXCM’s management have breathed a sigh of relief from the drama surrounding Global Brokerage.


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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