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Screenshot of a breaking news alert e-mail from Q2 2017
Institutionals up by a steady 10%, retail volumes consolidating due to fewer trading days
FXCM has announced their November volume metrics and the numbers reported are quite good. Retail customers have been very active with a stable report at $308 billion in November 2013. While lower month on month by 2% that does not imply any worries as we had fewer trading days during the month.
The volume per day metric came out at $ 14.7 billion a day which was higher by 7.3% than last month. The average number of trades per day has also increased by 1.5% to 384,889. Accounts that remined active were marginally lower by 417 to 188,397.
Institutional volumes have recovered in the month of November marking it as the second best month for the year after August. Volume was reported at $193 billion which is 9.5% higher month on month and a whopping 115% higher year on year. An even stronger trend in volumes per day follows – up by 19.9% than in October. The number of trades per day rose steadily to 37,507 which is solidly higher by 29% over last month.