FXCM retail FX volumes power ahead 20% in September


FXCM Inc. (NASDAQ:FXCM) has announced certain key customer trading metrics for September 2016 for its retail and institutional foreign exchange business. September seems to be a great month for FXCM’s retail FX volume results since they have reached their highest peak since January 2016.

Here are the highlights:

September 2016 Customer Trading Metrics from Continuing Operations

Retail Customer Trading Metrics

  • Retail customer trading volume of $324 billion in September 2016, 20% higher than August 2016 and 0.6% lower than September 2015.
  • Average retail customer trading volume per day of $14.7 billion in September 2016, 26% higher than August 2016 and 0.7% lower than September 2015.
  • An average of 563,001 retail client trades per day in September 2016, 14% higher than August 2016 and 0.3% lower than September 2015.
  • Volume from indirect sources was 38% of total retail volume in the third quarter 2016.
  • Retail customer trading volume for the third quarter 2016 was $875 billion, 4% higher than the second quarter 2016, and 10% lower than the third quarter 2015.
  • Active accounts of 177,818 as of September 30, 2016, an increase of 2,061, or 1%, from August 31, 2016, and a decrease of 2,303, or 1%, from September 30, 2015.
  • Tradeable accounts of 155,067 as of September 30, 2016, a decrease of 18,381, or 11%, from August 31, 2016, and a decrease of 5,283, or 3%, from September 30, 2015.

Retail Tradeable Accounts declined 11% which was mainly driven by the accounts removed due to the dormancy fee charged to clients on September 30, 2016. If dormancy fees were not charged, Tradeable accounts would have decreased by 1,068 accounts or 0.6% in September 30, 2016 when compared to August 31, 2016.

Institutional Customer Trading Metrics

  • Institutional customer trading volume of $29 billion in September 2016, 12% higher than August 2016 and 38% lower than September 2015.
  • Average institutional trading volume per day of $1.3 billion in September 2016, 18% higher than August 2016 and 38% lower than September 2015.
  • An average of 41,397 institutional client trades per day in September 2016, 12% higher than August 2016 and 39% higher than September 2015.
  • Institutional customer trading volume for the third quarter 2016 was $96 billion, 47% lower than the second quarter 2016, and 27% lower than the third quarter 2015.

fxcm-volumes-sep2016

This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of FXCM Inc.

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FXCM retail FX volumes power ahead 20% in September

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