FXCM Inc. (NYSE:FXCM) announced today that it will launch a groundbreaking real-time real-volume indicator exclusively on its flagship Trading Station platform in the coming weeks. The indicator is currently being tested, but will provide real volume being traded on the FXCM retail platforms for the top 14 currency pairs. Along with volume, the indicator will also provide transaction numbers.
Until now, other forex volume indicators have only shown tick volume, only part of the story with nothing about actual order flow. Now, FXCM’s Real Volume/Transactions will bring a pair of critical indicators to trader’s charts, giving them a better trading advantage and can help better confirm price action.
“This is the first in a series of new advanced trading analytics that FXCM will be releasing,” said Drew Niv, CEO of FXCM. “Over the past year on average FXCM does over $15 billion in retail trading volume a day on over 400 thousand transactions providing a free indicator of this nature to sophisticated short term traders is a game changer in the retail FX space.”
For non-FXCM account holders, FXCM will be publishing volume data for the top 14 traded currency pairs and transaction numbers twice daily on its publicly-accessible news and research website DailyFX.com starting Tuesday June 17th here: https://www.dailyfx.com/volume.
LeapRate has tried and tested over the last year all major FX platforms and found Trading Station very professional and easy to navigate…even for would be newbie traders. More value added proprietary tools that brokers are offering to their clients is a trend we have been seeing over the past year or so. Will these advanced tools and analytic add-ons be enough to entice people to try out or permanently make Trading Station their go to FX platform? One thing is for sure, FXCM has the clout and weight to put the effort into making this platform really standout in the years ahead.