FXCM’s retail, institutional trading volumes improve in Nov 2016

FXCM’s retail, institutional trading volumes improve in Nov 2016

- in All News, Featured News, Forex Brokers

US forex giant Forex Capital Markets (NASDAQ:FXCM) reported its preliminary trading volume from retail operations grew by 16% on the month to $353 billion in November 2016, while that from institutional clients increased by a monthly 17% to $28 billion.

In the institutional segment, the broker posted the highest monthly volume since July 2015. Meanwhile, though institutional volume posted a double-digit monthly growth (in October it reached record-low), it is at very low levels and 32% below the figure recorded a year earlier.

FXCM saw a daily average client trades of 613,233 in the retail segment and 35,712 in the institutional segment. Both figures represent an increase both on a monthly and annual basis.

The broker also provided account data for its retail operations. It handled 179,432 active accounts at the end of November after adding 1,483 new ones during the month. Tradable accounts, or such with enough funds in them to place a trade, totaled 155,928 last month, up by 1% on the month and down by 3% year-on-year.


On Tuesday Gain Capital, another leading US forex brokerage, reported for November a trading volume of retail over-the counter (OTC) operations of $257 billion (up 34.7% on the month) and a record-high institutional trading volume of $227.5 billion.

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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