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

FXCM has reported its November trading metrics. During the month ADV of its retail unit rose 7.3% from last month

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.

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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.

FXCM Retail vs Institutional Volumes

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With FXCM volumes out, among larger brokers regularly reporting, only Alpari has yet to post its figures. Overall, despite firms mentioning to Forex 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 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.

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