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FXCM Sees Sharp Rise in Institutional Trading Volumes in November

FXCM, the leading US Forex broker, has just reported its operating metrics for November, with trading volumes in both the retail and institutional segments growing, but the latter showing a particularly robust rise.

 
For the entire month, the trading volumes of institutional customers of the broker reached $193 billion, a massive jump of 115% against the levels from November 2012. There was a rise on a monthly base too, with institutional volumes up by significant 9.5% against levels from October 2013.  Adding to the positive news, the average institutional client trades per day amounted to 37,507, marking a jump of 29% from the preceding month and an increase of 281% from November 2012.
 
But the metrics we've just mentioned are hardly surprising for anyone who's been observing closely the fortunes of FXCM. In fact, the more interesting part is the retail FX data, as the company has been baffled by lower volatility for some time and has been seeking to compensate for the impact from this on its financials with mergers and acquisitions. And as we are speaking about retail, you may recall that the company is planning its next big acquisition by June 2014 and the target is from the retail sector.
 
In November 2013, the retail Forex segment held well. Average daily retail customer trading volume was $14.7 billion, up by 7.3%  from October 2013 and 5.8% higher than November last year. This is a very good reading, showing that the broker managed to withstand effects from weaker volatility. Moreover, FXCM performed better in this respect than its US rival Forex.com, which saw a month-on-month dip in average daily retail FX volumes in November.
 
Trades of retail clients per day were good at 384,889 for FXCM in November, registering a rise of 1.5% from levels seen in October 2013 and up by 8.7% from levels recorded in November 2012. On the gloomier side, the number of tradable accounts was 188,397,  almost flat (a drop of 0.2%) against levels in October 2013 and down by 7%  from November 2012.
 
 
Below you can find the official press release by FXCM. 
 
FXCM Reports Monthly Metrics
 
NEW YORK--(BUSINESS WIRE)-- FXCM Inc. (NYSE:FXCM) today announced certain key operating metrics for November 2013 for its retail and institutional foreign exchange business. Monthly activities included:
 
November 2013 Retail Trading Metrics
 
Retail customer trading volume of $308 billion in November 2013, 2% lower than October 2013 and 1% higher than November 2012.
Average retail customer trading volume per day of $14.7 billion in November 2013, 7.3% higher than October 2013 and 5.8% higher than November 2012.
An average of 384,889 retail client trades per day in November 2013, 1.5% higher than October 2013 and 8.7% higher than November 2012.
Tradable accounts of 188,397 as of November 30, 2013, a decrease of 417, or 0.2% from October 2013, and a decrease of 15,098, or 7%, from November 2012.
 
November 2013 Institutional Trading Metrics
 
Institutional customer trading volume of $193 billion in November 2013, 9.5% higher than October 2013 and 115% higher than November 2012.
Average institutional trading volume per day of $9.2 billion in November 2013, 19.9% higher than October 2013 and 125% higher than November 2012.
An average of 37,507 institutional client trades per day in November 2013, 29% higher than October 2013 and 281% higher than November 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.
 
 

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.
TAGS: fxcm  forex capital markets  fxcm inc  fxcm forex broker  fxcm november  november 2013  us forex broker  operating metrics  forex volumes  forex accounts  forex trading  corporate performance 

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