FXCM total volumes stay above $500 billion for fifth month running, with institutional FX volumes up 3x over last year.
Leading retail forex firm FXCM, a member of LeapRate’s Approved List of global regulated FX brokerage firms, announced that August Forex trading activity came in a total of $517 billion — $307 billion in FXCM’s retail business, and $210 billion in FXCM’s institutional FX business.
The $210 billion figure was FXCM’s best month ever for institutional volume metrics, up 14% from July and more than 3x the amount of institutional volume FXCM was doing last year. The increased institutional volumes helped offset an expected dropoff (21%) in retail volumes in August — which are still 13% ahead of last year’s pace.
FXCM’s total August volumes of $517 billion represent FXCM’s fifth consecutive month above the coveted $500 billion level.
As the healthy results continue to pour in, FXCM’s share price continues on a tear which began in January. FXCM shares have nearly doubled year-to-date in 2013.
Forex Industry Report