FXCM has ‘Thankful’ November as Both Retail and Institutional Average Daily Volumes Rise

FXCM has reported its November trading metrics. During the month, average daily volume (ADV) of its retail unit rose 7.3% from last month to $14.7 billion. The figures were also 5.8% higher than the same period last year. The $14.7 billion ADV number was the broker’s highest since July of this year. Overall, total retail volumes were $308 billion with tradable accounts dipping slightly by 0.2% to 188,397.

In its institutional division total volumes for November were $193 billion with ADV of $9.2 billion. Both figures were the highest since August of this year. November’s ADV were 19.9% than October and a whopping 125% above the same period last year. During the month, average trades were 37,507, 29% above previous month data. Trade calculated to an average order size of slightly above $245,000.

Overall, the institutional figures are similar to those of GAIN Capital, where the division’s performance outperformed that of retail. During the month, institutional volumes composed 39% of FXCM’s total volumes, which was the third highest percentage in company history.

With FXCM volumes out, among larger brokers regularly reporting, only Alpari has yet to post its figures. Overall, despite firms mentioning to 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 Magnates during the London Summit that November has started strong, overall activity in the month among major brokers and trading venues has appeared to be only slightly better than October.

November 2013 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 Metrics

• Retail customer trading volume of $308 billion in November 2013, 2% lower than October 2013 and 1% higher than November 2012.

• Average retail customer trading volume per day of $14.7 billion in November 2013, 7.3% higher than October 2013, and 5.8% higher than November 2012.

• An average of 384,889 retail client trades per day in November 2013, 1.5% higher than October 2013, and 8.7% higher than November 2012.

• Tradable accounts of 188,397 as of November 30, 2013, a decrease of 417, or 0.2% from October 2013, and a decrease of 15,098, or 7%, from November 2012.

November 2013 Institutional Trading Metrics

• Institutional customer trading volume of $193 billion in November 2013, 9.5% higher than October 2013, and 115% higher than November 2012.

• Average institutional trading volume per day of $9.2 billion in November 2013, 19.9% higher than October 2013, and 125% higher than November 2012.

• An average of 37,507 institutional client trades per day in November 2013, 29% higher than October 2013, and 281% higher than November 2012.