FXCM Group Releases February Metrics in Line with Industry Trends
- The company registered a monthly decline in trading volumes, excluding the US operations of the firm.
The holding company that includes the EU branches of FXCM UK and FXCM Australia has released its monthly metrics for February 2017. The company registered a monthly decline in trading volumes, excluding the US operations of the firm.
For February FXCM Group reports a decline in Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term volumes totaling 21 percent when compared to the previous month. The nominal figure for last month amounted to $201 billion. The number is also lower by 33 percent when compared to February 2016.
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The trading volumes of the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading provider are in line with a broader industry trend in February. A variety of factors have contributed to a pause in recent trends of US dollar strengthening, with the majority of FX markets entering into a consolidation phase.
The Average Daily trading Volumes (ADV) were marked at $10.1 billion in February 2017. The figure is lower by 16 percent when compared to January 2017 and lower by 29 percent than February 2016.
Average Trades Decline Due to Range Trading
The number of trades that were executed on a monthly basis also dropped. An average of 408,446 client trades per day were registered last month. The number is lower by 16 percent when compared to January 2017 and by 29 percent when compared to February 2016.
Active retail accounts totaled 130,432 as of the end of February. The figure is lower by 1,576, or 1 percent, from the end of January 2017, and lower by 2,827, or 2%, when compared to the end of February 2016. FXCM Group considers a trading account to be active if the client has placed at least one trade in the past 12 months.
Tradable accounts totaled 109,133 as of the end of February, which is higher by almost 3,000 or 3 percent when compared to January, and lower by a touch over 2,000 when compared to the same month of 2016. Tradable accounts are considered to be all accounts that have sufficient funds to place a trade.
FXCM Group monthly metrics detailed. Source: FXCM Group
The holding company that includes the EU branches of FXCM UK and FXCM Australia has released its monthly metrics for February 2017. The company registered a monthly decline in trading volumes, excluding the US operations of the firm.
For February FXCM Group reports a decline in Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term volumes totaling 21 percent when compared to the previous month. The nominal figure for last month amounted to $201 billion. The number is also lower by 33 percent when compared to February 2016.
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The trading volumes of the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading provider are in line with a broader industry trend in February. A variety of factors have contributed to a pause in recent trends of US dollar strengthening, with the majority of FX markets entering into a consolidation phase.
The Average Daily trading Volumes (ADV) were marked at $10.1 billion in February 2017. The figure is lower by 16 percent when compared to January 2017 and lower by 29 percent than February 2016.
Average Trades Decline Due to Range Trading
The number of trades that were executed on a monthly basis also dropped. An average of 408,446 client trades per day were registered last month. The number is lower by 16 percent when compared to January 2017 and by 29 percent when compared to February 2016.
Active retail accounts totaled 130,432 as of the end of February. The figure is lower by 1,576, or 1 percent, from the end of January 2017, and lower by 2,827, or 2%, when compared to the end of February 2016. FXCM Group considers a trading account to be active if the client has placed at least one trade in the past 12 months.
Tradable accounts totaled 109,133 as of the end of February, which is higher by almost 3,000 or 3 percent when compared to January, and lower by a touch over 2,000 when compared to the same month of 2016. Tradable accounts are considered to be all accounts that have sufficient funds to place a trade.
FXCM Group monthly metrics detailed. Source: FXCM Group