FXCM Retail Forex volumes down 4% MoM in August, Institutional off 37%


Retail forex broker FXCM Inc (NYSE:FXCM) released August FX trading volume data, and they have come in fairly in-line with the industry wide late-summer slowdown we have seen at most of the leading Retail and Institutional eFX platforms.

Retail forex volumes at FXCM came totaled $270 billion in August, down 4% MoM and 18% YoY, while Institutional activity of $26 billion was off 37% MoM and 45% YoY.

fxcm-forex-volumes-aug-2016

Full volume metrics for August at FXCM:

Retail Customer Trading Metrics

  • Retail customer trading volume of $270 billion in August 2016, 4% lower than July 2016 and 18% lower than August 2015.
  • Average retail customer trading volume (2) per day of $11.7 billion in August 2016, 13% lower than July 2016 and 25% lower than August 2015.
  • An average of 494,626 retail client trades per day in August 2016, 14% lower than July 2016 and 17% lower than August 2015.
  • Active accounts of 175,757 as of August 31, 2016, a decrease of 863, or 0.5%, from July 31, 2016, and a decrease of 4,965, or 3%, from August 31, 2015.
  • Tradeable accounts of 173,448 as of August 31, 2016, an increase of 1,779 accounts, or 1% from July 31, 2016, and an increase of 15,148 accounts, or 10%, from August 31, 2015.

Institutional Customer Trading Metrics

  • Institutional customer trading volume of $26 billion in August 2016, 37% lower than July 2016 and 45% lower than August 2015.
  • Average institutional customer trading volume per day of $1.1 billion in August 2016, 45% lower than July 2016 and 52% lower than August 2015.
  • An average of 36,960 institutional client trades per day in August 2016, 8% lower than July 2016 and 6% higher than August 2015.

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FXCM Retail Forex volumes down 4% MoM in August, Institutional off 37%

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