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FXCM Sees Y/Y Increase in Forex Volumes in Q3'2013

FXCM, the leading US Forex broker, has just reported a robust set of operating metrics for the third quarter of 2013, showing an year-on-year rise in both retail and institutional Forex volumes.
 
Retail over-the-counter (OTC) volumes for the quarter to the end of September 2013 amounted to $980 billion, up by 14% from the corresponding period in 2012. Meanwhile institutional volumes recorded a very impressive jump of 269% against the third quarter of 2012, to $576 billion.
 
The data for the third quarter was announced along with stats for September 2013. Retail Forex volumes for the last month stood at $285 billion, which was in fact 7% weaker than in August and 6% lower than in September 2012. However, the retail FX volumes at FXCM in the preceding month were still higher than the $129.9 billion registered by FOREX.Com. Institutional FX volumes at FXCM showed some marked improvement on an annual basis, rising by 293% from September 2012, to $181 billion.
 
The number of trades showed increases in both segments, with the average count of retail customer trades per day at massive 382,657 in September 2013, up by 5% year-on-year, and the average number of institutional client trades per day at 38,362 in the month, up by 574% year-on-year.
 
In conclusion, let's mention something that has been of interest to those of us who paid attention to FXCM's acquisition of Alpari US retail accounts in September. The broker said that the number of acquired accounts from Alpari US, as of September 27, was 2,640. This number is reflected in the total of tradable accounts for the month, which stood at 188,988, up by 2% in monthly terms. 
 
 
 
You can see FXCM's press release below.
 
FXCM Reports Monthly Metrics
NEW YORK--(BUSINESS WIRE)-- FXCM Inc. (NYSE:FXCM) today announced certain key operating metrics for September 2013 for its retail and institutional foreign exchange business. Monthly activities included:
 
September 2013
 
Retail Trading Metrics
 
Retail customer trading volume of $285 billion in September 2013, 7% lower than August 2013 and 6% lower than September 2012. Volume from indirect sources was 46% of total retail volume(1) in the third quarter 2013.
Retail customer trading volume for the third quarter 2013 was $980 billion, 15% lower than the second quarter 2013, and 14% higher than the third quarter 2012.
Average retail customer trading volume per day of $13.6 billion in September 2013, 3% lower than August 2013 and 11% lower than September 2012.
An average of 382,657 retail customer trades per day in September 2013, 7% lower than August 2013 and 5% higher than September 2012.
Tradable accounts of 188,988 as of September 30, 2013, an increase of 3,865, or 2% from August 2013, and a decrease of 13,406, or 7%, from September 2012. In the month, on September 27, 2013, FXCM assumed approximately 2,640 tradeable accounts from Alpari US LLC.
 
Institutional Trading Metrics
 
Institutional customer trading volume of $181 billion in September 2013, 14% lower than August 2013 and 293% higher than September 2012.
Institutional customer trading volume for the third quarter 2013 was $576 billion, 3% higher than the second quarter 2013 and 269% higher than the third quarter 2012.
Average institutional trading volume per day of $8.6 billion in September 2013, 9% lower than August 2013 and 274% higher than September 2012.
An average of 38,362 institutional client trades per day in September 2013, 33% lower than August 2013 and 574% higher than September 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. 
 
Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all. Read full disclaimer.
TAGS: fxcm  fxcm forex broker  fxcm us broker  fxcm operating metrics  operating metrics q3 2013  operating metrics september  corporate performance  forex volumes  forex accounts  forex trade 

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