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FXCM registers steady rise in monthly retail trading volumes

Yesterday US forex broker FXCM Inc. (NYSE:FXCM) issued a press release regarding its monthly business metrics for January 2016.
 
The company registered a steady rise in its retail volumes in the first month of 2016, continuing the upward trend of December of 2015. 
 

 

Retail customer monthly trading volumes (billion)

 Average daily retail customer trading volume (billion)

Tradeable accounts

Institutional customer trading volume (billion)

Jan 2016

$331

$16.5

162,636 

$36 

Dec 2015

$323

$14.7

161,632

$36

Nov 2015

$298

$14.2

161,509

$41

 

FXCM’s retail monthly volumes came in at $331 billion in January, 2016, marking a month-over-month increase of 2%, still 13% lower than volumes reported in January 2015. 

 
Moreover, the average retail daily volume also increased to $16.5 billion in January 2016, which is 12% higher than the $14.7 billion reported in December 2015 and 9 % lower compared to January 2015.
 
As regards FXCM’s January institutional volumes, they remained flattish on month-over-month basis ($36 billion), however mark a significant slump in comparison to the ones reported in January 2015 ($255 billion). 
Additionally, FXCM’s tradeable accounts came in at 162,636 as of January 31, 2016, which represents an increase of 1% from December 31, 2015 and a decrease of 11%, from January 31, 2015, when they came in at 223,079. 
 
The declines on year-over-year basis are a result from FXCM`s heavy losses caused by the Swiss Franc spike in the preceding year, which necessitated the taking of a loan from Leucadia under unfavorable terms (high interest rate – initially 10%, rising by 1.5% each quarter to a maximum of 17%). FXCM is still repaying this debt.
 
FXCM Inc. is a leading global provider of online forex and CFD trading, spread betting and related services to both retail and institutional customers. The broker is registered with the relevant regulatory bodies in the US, the UK, Germany, Italy and Australia and offers 40 currency pairs on the Trading Station and MetaTrader 4 trading platforms.
 
 
TAGS: fxcm  trading volumes  monthly metrics 

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