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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.
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.