FXCM January volumes remain steady

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FXCM's acquisitions keep its volume levels up in a slow-growth market.

FXCM logoFXCM has reported January 2012 volumes of $392 billion – $288B retail and $104B institutional. Both the retail and institutional figures were above December 2011 and last-year-January figures, although some of the growth (from last year) can be attributed to acquisitions FXCM closed during 2011, notably its purchases of two Japan-based Forex companies, CGI Capital and Foreland Forex.

FXCM mo_vol_Jan12

It seems as though Forex industry volumes are beginning to pick up again globally, following a noted slowdown at the end of 2011. FXCM is a very good proxy for global Forex volumes, as by our estimation it has the widest geographic distribution of volumes of any Forex firm worldwide.

We've also taken note of FXCM's institutional volumes, which have been above $100 billion every month since last August. Since going public more than a year ago FXCM has made a concerted effort in expanding its institutional presence and branding, such as its sponsorship of CNBC's new TV show on currencies, Money in Motion.

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Comments

  • Fisher Wednesday, 15 February 2012

    Barrons

    FXCM was mentioned yesterday in Barrons Daily Stock Alert article titled "misunderstood growth story at a bargain price".
    See here:
    http://investing.money.msn.com/investments/stock-price?symbol=FXCM
    Any color on that?

    Reply Cancel
  • Gerald Segal Wednesday, 15 February 2012

    RE:Barrons

    I don't disagree at all with the Barrons article. However, we're not stock analysts here at LeapRate, so we'll leave these kind of recommendations to the pros on Wall Street. From a competitive perspective, however, we see FXCM as being very well positioned in the industry, with a strong reputation and a nice distribution of volume worldwide as well as between retail and institutional type clients.

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