Institutional volumes return to FXCM in November


FXCM sees best overall month for FX volumes since June.

Leading retail FX firm FXCM, the world’s largest online FX broker, announced its November trading activity levels, with retail volumes coming in at $305 billion for the month, and institutional at $90 billion. Comparatively (see chart below), retail volumes were down 6% as compared with October (but were flat on a per-day basis, October just had more trading days than November). However institutional volumes roared back increasing 68% in November to $90 billion for the month. Indeed, this was FXCM’s highest total volume month since June.

FXCM has indicated that it plans to continue to expand, including the active pursuit of acquisitions. Despite generating a healthy level of positive cash flow, FXCM recently filed a prospectus for a potential $125 million financing, creating lots of “dry powder” for acquisitions.

FXCM is a member of LeapRate’s Approved List of global Forex firms. Now you can access all the latest currency research from FXCM and other leading global FX firms in one place at LeapRate – see our Home Page as well as our new FX Research section — or sign up for our daily FX Research email.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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Institutional volumes return to FXCM in November

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