FXCM sees retail volumes barely move in April, institutional volumes edge lower


Retail FX broker FXCM Inc (NYSE:FXCM) has just posted its key operating metrics for April 2016, with institutional trading volumes down from March 2016, when they saw a steep increase, whereas the monthly reading for retail volumes was barely changed month on month but the average daily volume was higher than in the preceding month.

Retail customer trading volume averaged $13.7 billion a day in April 2016, up 8% from March 2016. Another major US online trading services provider – Gain Capital Holdings Inc (NYSE:GCAP), also reported a month-on-month rise (+5%) in its retail ADV for April 2016.

FXCM registered a rise in both institutional and retail client trades in April.

Below are the details for FXCM’s operating metrics for April 2016:

Retail Customer Trading Metrics

  • Retail customer trading volume of $287 billion in April 2016, 1% lower than March 2016 and 6% lower than April 2015.
  • Average retail customer trading volume per day of $13.7 billion in April 2016, 8% higher than March 2016 and 1% lower than April 2015.
  • An average of 584,753 retail client trades per day in April 2016, 4% higher than March 2016 and 15% higher than April 2015.
  • Active accounts of 176,812 as of April 30, 2016, an increase of 1,076, or 1%, from March 31, 2016, and an increase of 3,780, or 2%, from April 30, 2015.
  • Tradeable accounts of 169,168 as of April 30, 2016, an increase of 1,804, or 1%, from March 31, 2016, and a decrease of 19,053, or 10%, from April 30, 2015.

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Institutional Customer Trading Metrics

  • Institutional customer trading volume of $75 billion in April 2016, 10% lower than March 2016 and 83% higher than April 2015.
  • Average institutional trading volume per day of $3.5 billion in April 2016, 3% lower than March 2016 and 84% higher than April 2015.
  • An average of 53,743 institutional client trades per day in April 2016, 2% higher than March 2016 and 383% higher than April 2015.

You can view the full announcement from FXCM by clicking here.

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FXCM sees retail volumes barely move in April, institutional volumes edge lower

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