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FXCM's Breaks Its Own Record for Retail Forex Volumes... Again

So far the year has been good for FXCM. Last month the broker reported record trading volumes – and in June the numbers are even higher: the retail trading volumes reached $396 billion

 
This increase corresponds to a 1% growth compared to the May 2013, and a 25% rise on year-on-year basis. 
 
The number of active retail accounts has dropped by 3% from May but this doesn't seem to be concerning, given that the traders who have remained active make up for it by trading more. Besides, with 190,998 tradable accounts, FXCM is still one of the largest brokers globally, and does a great job keeping its customers happy (a recent survey placed the brokerage as America's preferred forex provider).  
 
While the retail division of the brokerage is thriving, the institutional business sees a slight decline in volumes; nonetheless 4% decrease in institutional transactions is not worrisome, as retail trading is FXCM's stronger arm anyway.
 
What's more, the broker has set eye on expanding its Asian operations, and set foot in China – so it is likely that we keep reporting about new record trading volumes achieved by the company in the near future. 
 
Read FXCM's full report on its June 2013 operational metrics below. 
 
 
 
Record Retail Trading Volume of $396 billion
Record Average Retail Customer Trading Volume of $19.8 billion a day
 
NEW YORK--(BUSINESS WIRE)-- FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for June 2013 for its retail and institutional foreign exchange business. Monthly activities included:
 
June 2013 Retail Trading Metrics
 
- Retail customer trading volume (1) of $396 billion in June 2013, 1% higher than May 2013 and 25% higher than June 2012. Volume from indirect sources was 46% of total retail volume (1) in the second quarter 2013. Retail customer trading volume(1) for the second quarter 2013 was $1.15 trillion, 11% higher than the first quarter 2013, and 33% higher than the second quarter 2012.
- Average retail customer trading volume(1) per day of $19.8 billion in June 2013, 16% higher than May 2013 and 31% higher than June 2012.
- An average of 558,628 retail client trades per day in June 2013, 12% higher than May 2013 and 35% higher than June 2012.
- Tradable accounts(2) of 190,998 as of June 30, 2013, a decrease of 6,508 accounts, or 3% from May 2013, and a decrease of 14,113 accounts, or 7%, from June 2012. In June 2013, FXCM charged a dormancy fee for the FXCM LLC clients that have not been active in over one year. Active accounts(3) were 182,225 as of June 30, 2013, an increase of 2,604 accounts, or 1% from May 2013, and an increase of 8,007 accounts, or 5%, from June 2012.
 
June 2013 Institutional Trading Metrics
 
- Institutional customer trading volume (1) of $184 billion in June 2013, 4% lower than May 2013 and 14% higher than June 2012.
- Average institutional trading volume (1) per day of $9.2 billion in June 2013, 10% higher than May 2013 and 20% higher than June 2012.
- An average of 40,604 institutional client trades per day in June 2013, 3% higher than May 2013 and 126% higher thanJune 2012.
 
More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company's corporate web site, www.fxcm.com. 
 
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance ofFXCM Inc. FXCM undertakes no obligation to publicly update or review previously reported operating data. Any updates to previously reported operating data will be reflected in the historical operating data that can be found on the Investor Relations page of the Company's corporate web site, www.fxcm.com.
 
(1) Volume that FXCM customers traded in period translated into US dollars.
(2) An account that has sufficient funds to place a trade in accordance with FXCM trading policies.
(3) An account that has traded at least once in the previous 12 months.
 
 

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 

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