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FXCM reports December trading volumes, stock drops 12%

US-based forex broker FXCM reported its trading metrics for December 2015 earlier today and disappointed investors with its updated expectations concerning the repayment of its loan with Leucadia. As a result the company’s stock price dropped 12% at market open.


While the broker remains positive about the ongoing sales of its overseas subsidiaries, they may not be completed within the first quarter of 2016 as previously intended. FXCM is now targeting the repayment of its debt to Leucadia by the second quarter of 2016.


During December 2015, FXCM’s retail customer monthly trading volumes came in at $323 billion, 8% higher than November 2015, however, marking a year-over-year decline of 9.0% from December 2014.

 

Furthermore, FXCM’s volumes from indirect sources during December 2015 yielded 37% of total retail volume in Q4 2015. As such, retail customer trading volume for Q4 2015 was $956 billion, falling by 2.0% from Q3 2015, whilst incurring a 16% lower performance compared to Q4 2014.


The average daily volume for retail customer trading also rose to $14.7 billion in December 2015, roughly 4% higher compared to $14.2 billion in November 2015 and 14.0% lower than December 2014. Lastly, FXCM executed an average of 501,108 retail client trades per day in December 2015, good for a 3% boost month-over-month from November 2015 and 5% lower than December 2014.


Gain Capital, another leading US forex broker, listed on NYSE,  announced its December 2015 metrics earlier this week. Below is a head-to-head comparison:

 


Gain Capital FXCM
     
Retail trading volume $276.9 billion $323 billion
Change m/m +20.7% +8%
Change y/y +17.3 -9%
     
Average daily retail volume $12.6 billion $14.7 billion
Change m/m +15.2 +4%
Change y/y +17.3 -14%
     
Active trading accounts 146,977 177,847
Change m/m -1.3% +54.9%
Change y/y -1% +8%
     
Institutional trading volume $355.4 billion $36 billion
Change m/m +2.1% -12%
Change y/y -6.3% -51%
     
Average daily Institutional volume $16.2 billion $1.6 billion
Change m/m -2.6% -20%
Change y/y -6.3 -54%

 

FXCM Inc. (NYSE:FXCM) was founded in 1999 and is a leading provider of online foreign exchange trading, CFDs trading, spread betting and related services.


FXCM is registered with the relevant regulatory bodies in the US, the UK, Germany, Italy and Australia. Through its offices in the US, the UK, Germany, Australia, France, Italy, and Greece, and affiliate offices in Canada, Israel, Chile, Japan, and China, the broker offers 40 currency pairs on the Trading Station and MetaTrader 4 (MT4) trading platforms.

 

TAGS: fxcm  trading volumes  retail trading  institutional trading 

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