FXCM Notches Monthly Ascension Across Retail Volumes in January

FXCM (NYSE:FXCM) reported its trading metrics for the month ending January 2016, showing that it underwent a steady rise in its retail volumes in the first month of the new year, according to an FXCM statement.

During January 2016, FXCM’s monthly volumes came in at $331 billion, climbing 2.5% MoM from $323 billion in December 2015 – however, the recent figures paled in comparison when measured against its YoY counterpart, falling of -12.7% from $379.1 billion in January 2015.

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Furthermore, the average daily volume (ADV) for retail customer trading also rose to $16.5 billion in January 2016, 12.2% higher MoM than the $14.7 billion of December 2015 and -19.0% lower YoY against January 2015. Finally, FXCM executed an average of 689,635 retail client trades per day in December 2015, good for a 37.6% surge MoM from 501,108 in December 2015, reinforced by 18.0% YoY from January 2015.

By extension, FXCM’s tradeable accounts came in at 162,636 as of January 31, 2016, which corresponded to a decrease of 15,211 accounts, or -8.6% MoM from 177,847 in December 2015. However, relative to its 2015 counterpart, FXCM lost an additional 20,356 accounts in January 2016, down -11.0% YoY from December 2014.

Institutional Focus

In terms of FXCM’s institutional customer trading volume, January 2016 saw a total of $36 billion, unchanged MoM from December 2015, also shedding -51.0% YoY versus January 2015. Institutional ADV came in at $1.8 billion during the month ending January 2016, climbing 12.5% MoM from $1.6 billion December 2015, as well as a sizable -49.0% collapse YoY from January 2016.