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Retail Forex Volumes at FXCM Grow 26% M/M in January

FXCM, the major US Forex broker, has just reported its operating metrics for the first month of 2014, with retail trading volumes staging a steep rise month-on-month. 
 
Retail Forex volumes for January 2014 amounted to $342 billion, marking a jump of 26% against levels from December 2013. This is indeed a very good reading for the company, as it strikes a much more upbeat note than in the last month of 2013 when the volumes traded by retail clients were down month-on-month reflecting subdued volatility. Moreover, the retail volumes reading is way higher than the $212.5 billion registered by one of FXCM's main rivals in the United States – FOREX.Com
 
Somewhat surprisingly, the retail volumes were down on an annual basis- the levels in January 2014 were 6% weaker than in January 2013. The annual comparisons were dismal in respect of average retail client trades per day – they amounted to 411,459, down by 5% year-on-year. And yet, the reading was up by 11% against the December 2013 reading. 
 
Tradeable accounts at the end of last month reached 189,610, a marginal rise of 1,480 accounts (1%) from the preceding month and a rise of 503 accounts from the number seen in January last year. 
 
And now let's take a look at the operating metrics of the institutional segment: the institutional customer trading volume in January 2014 reached massive $184 billion – a rise of 26%  from levels seen in December 2013 and a jump of 59% from the readings recorded in January 2013. We see that this part of FXCM's business is gradually and stably gaining power. 
 
Below you can see the official press release by the broker.
 
 
FXCM Reports Monthly Metrics
 
NEW YORK--(BUSINESS WIRE)-- FXCM Inc. (NYSE:FXCM) today announced certain key operating metrics for January 2014 for its retail and institutional foreign exchange business.
 
January 2014 Retail Trading Metrics
 
Retail customer trading volume of $342 billion in January 2014, 26% higher than December 2013 and 6% lower than January 2013.
Average retail customer trading volume per day of $15.5 billion in January 2014, 14% higher than December 2013 and 6% lower than January 2013.
An average of 411,459 retail client trades per day in January 2014, 11% higher than December 2013 and 5% lower than January 2013.
Tradeable accounts of 189,610 as of January 31, 2014, an increase of 1,480, or 1% from December 31, 2013, and an increase of 503 or 0%, from January, 2013.
 
January 2014 Institutional Trading Metrics
 
Institutional customer trading volume of $184 billion in January 2014, 26% higher than December 2013 and 59% higher than January 2013.
Average institutional trading volume per day of $8.4 billion in January 2014, 15% higher than December 2013 and 58% higher than January 2013.
An average of 38,090 institutional client trades per day in January 2014, 2% lower than December 2013 and 140% higher than January 2013.
 
 

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  fxcm forex broker  fxcm us  us forex broker  fxcm volumes  january 2014  january  forex trading  forex trades  forex accounts  operating metrics 

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