FXCM January volumes up 26%

Highest volume metrics numbers since July could be spelling more growth ahead

One of the market leaders when we talk about forex brokerages – FXCM (NYSE:FXCM), has reported on the state of its order books in the first month of 2014 and the results are rather steady. Retail FX volumes at the brokerage were up 26% from December, which comes to the highest figure since July 2013. When compared to last January the number is still lower by 6%, however the trend is recent months (except seasonally weak December) spells further comeback in volumes.

FXCM January 2014

Institutional numbers rebounded strongly from December’s low by another 26%, getting a nice bump to $184 billion. Total volumes amount to $526 billion – a number that is only about 10% lower from the all-time record month of May 2013. Stay tuned to LeapRate for the latest volume metrics numbers as reports keep pouring in.

For the full press release visit FXCM’s website.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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