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Retail Forex Volumes at FXCM Show Monthly Drop in Dec'2013

The retail Forex market, marked by subdued volatility, continued to have an adverse impact on the operating metrics of FXCM in December 2013. 
 
The company has just announced the volumes data for the last month of last year, with Forex volumes traded by retail customers at $272 billion, down by 12% from levels seen in November 2013. The result weighed on metrics for the fourth quarter of 2013, with retail FX volumes for the three months to the end of December 2013 totalling $895 billion, a drop of 9% from third quarter levels. 
 
On the brighter side, the annual comparisons were way better: December witnessed a 6% year-on-year rise in retail customer trading volumes, while the fourth quarter saw an increase of 1% in the retail Forex volumes against the same period in 2012.
 
It's time for some full-year data now. The retail Forex volumes reached $4.1 trillion in 2013, staging an impressive rise of 14% against 2012 levels. Institutional volumes for the full year were $2 trillion, up by massive 72% from 2012.
 
You may be wondering why we pay so much attention to FXCM's retail Forex metrics: the main reason for this is that the company is planning a major deal in the retail Forex sector this year. We expect it by June 2014. 
 
The strategic plans of the broker are obviously guided by the situation in the retail FX market – low volatility is adding weight to the push towards acquisitions. This said, it's interesting to see how things will develop around Infinium Capital, the troubled Chicago-based high-frequency trading firm. FXCM bought a $12 million note issued by Infinium in October 2013 but last week indicated its plans to acquire the assets of the struggling company.
 
 
You can see the full press release on 2013 metrics of FXCM below.
 
 
FXCM Reports Monthly Metrics
 
NEW YORK--(BUSINESS WIRE)-- FXCM Inc. (NYSE:FXCM) today announced certain key operating metrics for December 2013 for its retail and institutional foreign exchange business.
 
December 2013 Retail Trading Metrics
 
Retail customer trading volume of $272 billion in December 2013, 12% lower than November 2013 and 6% higher than December 2012. Volume from indirect sources was 46% of total retail volume in the fourth quarter 2013.
Retail customer trading volume for the fourth quarter 2013 was $895 billion, 9% lower than the third quarter 2013, and 1% higher than the fourth quarter 2012. Retail customer trading volume for full year 2013 was $4.1 trillion, 14% higher than 2012.
Average retail customer trading volume per day of $13.6 billion in December 2013, 7% lower than November 2013 and 1% higher than December 2012.
An average of 370,305 retail client trades per day in December 2013, 4% lower than November 2013 and 10% lower than December 2012.
Tradable accounts of 188,130 as of December 31, 2013, a decrease of 267, or 0% from November 30, 2013, and a decrease of 2,087, or 1%, from December 31, 2012.
 
December 2013 Institutional Trading Metrics
 
Institutional customer trading volume of $146 billion in December 2013, 24% lower than November 2013 and 83% higher than December 2012.
Institutional customer trading volume for the fourth quarter 2013 was $515 billion, 11% lower than the third quarter 2013, and 131% higher than the fourth quarter 2012. Institutional customer trading volume for full year 2013 was $2 trillion, 72% higher than 2012.
Average institutional trading volume per day of $7.3 billion in December 2013, 21% lower than November 2013 and 74% higher than December 2012.
An average of 38,904 institutional client trades per day in December 2013, 4% higher than November 2013 and 244% higher than December 2012.
 
 
 

About FXCM Inc. 

 
FXCM Inc. (NYSE:FXCM) is a global online provider of foreign exchange, or FX, trading and related services to retail and institutional customers world-wide. 
 At the heart of FXCM's client offering is No Dealing Desk FX trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, offers Contract for Difference ("CFD") products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with FX on one platform. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.
TAGS: fxcm  fxcm inc  fxcm us  fxcm forex broker  fxcm december 2013  us forex broker  fxcm metrics  fxcm performance  forex volumes  retail fx  institutional forex  forex news  trading volumes  full year  fourth quarter 2013  forex accounts  darts 

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