FXCM Volumes Slide in July 2017, Sees Muted Change in Account Numbers

Online foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and CFDs brokerage FXCM has just reported its latest volumes and statistics for the month ending July 2017, which reversed off of a slight uptick seen last month in terms of its of overall metrics.

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During July 2017, FXCM’s monthly volumes came in at $197 billion, falling by a margin of 12 percent month-over-month from $223 billion in June 2017. Additionally, retail figures for last month were lower year-over-year, correlating to a drop of 23.0 percent relative to July 2016.

FXCM’s average daily volume (ADV) for retail customer trading during July 2017 also dropped to $9.4 billion, down 7.0 percent month-over-month than $10.1 billion in June 2017, and incurred a loss of 24 percent year-over-year against July 2016.

FXCM’s retail traders executed an average of 321,923 retail client trades per day in July 2017, shedding 5.0 percent month-over-month from 340,308 client trades in June 2017, and were also lower by 36 percent when weighed against the same month’s figure a year ago.

Finally, FXCM’s active accounts saw a flat change across the monthly interval, reporting 124,116 as of July 31, 2017, a decrease of 1,169, or 0.9 percent from the month prior. The figure reflects a notable drop year-over-year and was lower by 7,525, or 6 percent relative to July 31, 2016.