FXCM reports best retail forex volumes since mid 2015 at $353 billion in November


Retail forex broker FXCM Inc (NASDAQ:FXCM) continued a parade of very strong volume reports from leading retail forex brokers around the world in November, by reporting its best results since last June.

Retail FX volumes came in at $353 billion at FXCM, up 16% over October. Institutional volumes were also up 17%, at $28 billion.

After almost two years of consolidation including the sale of several key assets in order to pay down its $300 million loan from Leucadia National Corp (NYSE:LUK), FXCM now appears to be back in growth mode, at least operationally. FXCM announced the opening of a new office in South Africa last month, its first real expansionary move since the January 2015 Swiss Franc spike which nearly put FXCM out of business.

More on FXCM’s November volumes:

Retail Customer Trading Metrics

  • Retail customer trading volume of $353 billion in November 2016, 16% higher than October 2016 and 18% higher than November 2015.
  • Average retail customer trading volume per day of $16.1 billion in November 2016, 11% higher than October 2016 and 13% higher than November 2015.
  • An average of 613,233 retail client trades per day in November 2016, 14% higher than October 2016 and 26% higher than November 2015.
  • Active accounts of 179,432 as of November 30, 2016, an increase of 1,483, or 1%, from October 31, 2016, and a decrease of 473, or 0.3%, from November 30, 2015.
  • Tradeable accounts of 155,928 as of November 30, 2016, an increase of 942, or 1%, from October 31, 2016, and a decrease of 5,581, or 3%, from November 30, 2015.

Institutional Customer Trading Metrics

  • Institutional customer trading volume of $28 billion in November 2016, 17% higher than October 2016 and 32% lower than November 2015.
  • Average institutional trading volume per day of $1.3 billion in November 2016, 18% higher than October 2016 and 35% lower than November 2015.
  • An average of 35,712 institutional client trades per day in November 2016, 5% lower than October 2016 and 12% higher than November 2015.

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FXCM reports best retail forex volumes since mid 2015 at $353 billion in November

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