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FXCM Retail Trading Volumes Down by 11% in March

It's the beginning of the month – a perfect time to take a look back at your work and see how well you've done. Though not every broker likes to share that information (unless, of course, they have been particularly successful), FXCM is among the few that regularly update us on their monthly metrics. In February, the company informed us of a 42% increase in its retail Forex volumes during the previous month. Then, we found out customer assets held by the broker had reached $147 million. Now, it's time to have a look at how FXCM performed over the past month.
 
Although retail customer trading volumes are somewhat lower than what we saw in February (by 11%, to be exact), the overall volumes for the past quarter are still 17% higher than Q4 2012. Though institutional trading volume has also decreased in comparison with the previous month, it must be noted that institutional client trades have gone up by 1%.
 
For full details and monthly metrics, please read the official press release below:
 
 
FXCM Reports Monthly Metrics
NEW YORK--(BUSINESS WIRE)-- FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for March 2013 for its retail and institutional foreign exchange business. 

Monthly activities included: 

March 2013 Retail Trading Metrics 

Retail customer trading volume (1) of $319 billion in March 2013, 11% lower than February 2013 and 6% lower than March 2012. Volume from indirect sources was 47% of total retail volume (1) in the first quarter 2013. Retail customer trading volume (1) for the first quarter 2013 was $1.04 trillion, 17% higher than the fourth quarter 2012, and 5% higher than the first quarter 2012. 
Average retail customer trading volume(1) per day of $15.2 billion in March 2013, 15% lower than February 2013 and 2% lower than March 2012. 
An average of 422,126 retail client trades per day in March 2013, 8% lower than February 2013 and 7% higher than March 2012. 
Tradable accounts(2) of 195,629 as of March 31, 2013, an increase of 4,738 accounts, or 2% from February 2013, and a decrease of 4,503 accounts, or 2%, from March 2012. 
March 2013 Institutional Trading Metrics 

Institutional customer trading volume (1) of $125 billion in March 2013, 5% lower than February 2013 and 22% lower than March 2012. 
Average institutional trading volume (1) per day of $6.0 billion in March 2013, 10% lower than February 2013 and 19% lower than March 2012. 
An average of 18,054 institutional client trades per day in March 2013, 1% higher than February 2013 and 31% lower than March 2012. 
In the quarter ended March 31, 2013, Lucid met certain performance requirements enabling them to receive the second tranche of 1.2 million FXCM class A common shares pursuant to the purchase agreement related to FXCM's acquisition of a 50.1% interest of Lucid in June 2012. While the purchase agreement does not require these shares to be issued to the Lucid sellers until June 18th, 2013, the 1.2 million shares will be included in the determination of FXCM's fully diluted and proforma EPS for the quarter ended March 31, 2013 since the performance requirements were met during this period. 

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 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, 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.
 
 

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  metrics  monthly metrics  forex  volume  trading volume 

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