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FXCM's May 2013 Metrics: Forex on Steroids

Jun 06 2013

Early this morning FXCM, possibly the biggest retail and institutional forex broker in the world, announced its monthly operational metrics for May 2013 and as expected, things are getting better and better over there (at this growth rate, it might not be long before the broker starts announcing their revenue and trading volumes in gazillions). 

Let's take a look at the numbers. Retail volumes are up 7% from the previous month, and 28% year-on-year: $390 billion – a figure that has not been achieved in a single month before. The average trading volume reached $17 billion per day accomplished through 498,089 trades per day. 
In may, FXCM has managed to attract 1,332 more retail traders. With this, the broker's tradable accounts count has reached 197,506, and the launch of FXCM's unlegulated subsidiary in Bermuda might have strongly contributed to that. 
On the institutional front, things are picking up quite fast as well – number of transactions and volumes are growing like they're on steroids (there's a 39% year-on-year increase in overall institutional trading volumes). 
The official announcement follows below.

FXCM Reports Monthly Metrics

Record Retail Trading Volume of $390 billion

Record Institutional Volume of $191 billion
NEW YORK--(BUSINESS WIRE)-- FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for May 2013 for its retail and institutional foreign exchange business.
Monthly activities included:
May 2013 Retail Trading Metrics
- Retail customer trading volume (1) of $390 billion in May 2013, 7% higher than April 2013 and 28% higher than May 2012.
- Average retail customer trading volume(1) per day of $17.0 billion in May 2013, 2% higher than April 2013 and 29% higher than May 2012.
- An average of 498,089 retail client trades per day in May 2013, 0.1% lower than April 2013 and 37% higher than May 2012.
- Tradable accounts(2) of 197,506 as of May 31, 2013, an increase of 1,332 accounts, or 0.7% from April 2013, and a decrease of 6,367 accounts, or 3% from May 2012.
May 2013 Institutional Trading Metrics
- Institutional customer trading volume (1) of $191 billion in May 2013, 4% higher than April 2013 and 39% higher than May 2012.
- Average institutional trading volume (1) per day of $8.3 billion in May 2013, no change from April 2013 and 39% higher than May 2012.
- An average of 39,364 institutional client trades per day in May 2013, 72% higher than April 2013 and 139% higher than May 2012.
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of FXCM 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.

(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.
TAGS: FXCM  forex trading  forex metrics  trading volumes  retail forex  institutional forex 

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