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FXCM Generates Greater Share of FX Volumes in US, Europe

FXCM, the New York-based Forex broker, generated a greater share of its retail trading volumes from its US and European operations in 2013, the latest data from the group show. In this article we'll briefly present you with the changes in the trading picture that happened from 2012 to 2013. And as we believe that a picture is worth a thousand words, we put the stress on pictures, taken from FXCM's own presentations.
 
For starters, let's take a peek at the broader situation:
 
 
You can see that the main market for FXCM is still Asia, although it generated a smaller percentage of overall volumes in 2013 compared with 2012. On the other hand, the United States' operations gained force, generating 13% of volumes compared with 11% in 2012. This could be due to the broker's active expansion – especially in terms of acquisitions. Europe, the Middle East and Africa raised their part of the trading turnover slightly from 30% to 31%, with the growth obviously underpinned by the broker's European business. 
 
And now let's take a look at the detailed picture of the broker's global footprint. 
 
Here is how the volumes distribution appeared in 2012.
 
 
 
 
 
And here is how the turnover distribution appeared in 2013.
 
 
 
You can see that China remained the leader in terms of volumes share: it accounts for 20% of the total – the same as 2012. Still, the turnover generated increased in value to USD 822 billion in 2013. 
 
The markets that increased their share in the volumes total are the United States (from 10% to 13%), Europe – apart from France and the UK (from 11% to 13%),  and Turkey ( from 2% to 3%). The European reading is particularly interesting, as “other Europe”, that is – the European business excluding the UK and France, contributed higher volumes than the homeland market for FXCM. The US turnover amounted to USD 517 billion in 2013, compared with USD 523 billion from “other Europe”. 
 
There's nothing astonishing then that the broker is seeking to increase its footprint in Europe – it aims to launch single share CFDs to attract more customers on the old continent. 
 
 
 

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.
 
Illustrations for this article are courtesy of FXCM and are taken from the broker's presentations at the CJS Securities 14th Annual New Ideas for the New Year Investor Conference and the Citi's Asset Management, Broker Dealer & Exchanges Investor Conference.
TAGS: fxcm  fxcm forex broker  us forex broker  forex market  forex operations  forex volumes  retail fx  retail forex volumes  2013  geographical footprint  fxcm geography  fxcm europe  fxcm united states  fxcm turkey  fxcm china 

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