FXCM’s institutional trading volume reaches record-low in Oct 2016

FXCM’s institutional trading volume reaches record-low in Oct 2016

- in All News, Featured News, Forex Brokers

US forex giant Forex Capital Markets (NASDAQ:FXCM) reported on Tuesday its trading volumes from retail and institutional operations both posted a drop in October 2016 on monthly and annual basis alike. Institutional volume dropped to a record-low of $24 billion last month, posting a decline of 17% on the month and 29% year-on-year.

In the retail segment, trading volume stood at $305 billion, which is 6% lower than the preceding month and 9% below the level generated a year earlier.

The October average daily volume was $1.1 billion from institutional clients and $14.5 billion from retail customers. The values are lower than the ones reported in September and in October 2015.

For the retail segment, the broker also provided account figures. It handled 177,949 active accounts last month and 154,986 tradeable accounts, or such with enough funds in them to place a trade.


In comparison, Gain Capital, also a leading US forex broker, reported for October a retail trading volume of $190.9 billion (down 8.2% on the month and 34.8% over the year) and an institutional volume of $182.6 billion (down by 2.0% on the months and up 37.6% on the year).

Also on Tuesday, FXCM released financial figures for the nine months, ended 31 September, 2016. During the period it turned to a net income of $71 million and posted a 39.3% drop in net revenue to $203.5 million.

The FXCM Group is 50.1% majority owned by FXCM Inc. The rest of the group moved to the hands of Leucadia National Corporation earlier this month as part of a definitive agreement the two companies signed to amend the conditions of their credit letter agreements.

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