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FXCM Reports 42% Increase in Retail Forex Volumes

Earlier today the biggest forex broker in the world up to date, FXCM, reported its operational metrics for January 2013 and we were glad to notice that the stagnant, low-volatility markets of 2012 are in the history, where they belong. 

 
42% is the growth of the broker's retail trading volumes compared to December 2012, which translates into 22% YoY increase.  
 
22 seems to be an occurring number, as this is also the growth rate of average daily trading volumes both in comparison with the previous month, and year-on-year. With $16.5 billion average daily volume, the company almost broke its own record. These volumes were achieved through an average of 432,647 trades executed per day and the monthly increase here is only 6%. 
 
What's more, these impressive volumes were achieved even though the broker now accounts for 189,107 active tradable accounts – 1,100 lees than in December.  
 
From a customer behavior point of view, the data about average daily transaction and account numbers point to the fact that retail customers are probably getting tired of the sleeping market and are ready to take things in their own hands, taking more risk and investing more money in currency exchange. I am hoping to see this trend develop even further, creating the dynamics retail and institutional forex markets both need so much. 
 
Speaking of institutional volumes, that's another department where FXCM did great last month: the overall volume 6% compared to January 2012 – $116 billion, with a daily average of $5.3 billion, 25 higher than the previous month. 
 
"Over the last two years, FXCM has invested in expanding our market footprint and revenue capacity during a period where muted market conditions placed significant constraints on growth," shared FXCM's CEO Drew Niv upon releasing the January metrics. "In 2013, we are starting to see the impact of those efforts as trading activity grew in all our business segments amid improved market conditions. We continue to believe that our scale positions FXCM well whether volatility continues to improve from recent historic lows or returns to levels we experienced last year."
 
And this is great news for any broker on the market, and – obviously – for FXCM. The broker recently declared its intention of a Chinese expansion, and with these great stats to back it up, it now holds even stronger global positions that will help it establish a successful Chinese division. 
 
 

About FXCM Inc. 

 
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide. 
 
At the heart of FXCM's client offering is No Dealing Desk forex 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, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
TAGS: FXCM  forex trading  forex metrics  trading volumes  retail forex  institutional forex  market volatility 

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