FXCM Inc August Metrics Grow Strong in Line With Volatility

Starting from July 1st, the brokerage has excluded the clients of FastMatch from its volume metrics report

FXCM Inc (NYSE:FXCM) has just released the company’s volume metrics for the month of August. Retail clients traded a total of $329 billion last month, which is higher by 4 per cent in nominal terms when compared to July 2015. That said, the average daily volumes (ADV) were 14 per cent higher relative to the previous month coming in at $15.7 billion per day. These figures exclude trading volumes from FXCM Japan and FXCM Hong Kong, which FXCM Inc (NYSE:FXCM) sold to Japanese broker Rakuten Securities.

Looking at the year-on-year comparison, the numbers are 10 per cent higher than last August.

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The number of trades which customers of FXCM Inc (NYSE:FXCM) have executed rose 11 per cent to  a total of 594,294. The figure is 51 per cent higher than in August last year.

On a positive note, active accounts increased by 1 percent or 1,145 to 180,722 as of August 31st 2015. The figure was higher by more than one per cent when compared to August 2014.

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The number of tradable accounts ticked lower from July to 158,300, which represents a decrease of o.4 per cent or 587 accounts when compared to July, and a decline of 21%. FXCM Inc has therefore lost 41,077 accounts which is also a result of an adjustment related to the sale of the broker’s Japanese and Hong Kong units.

Institutional Metrics

Beginning from July 1st, the institutional clients of FastMatch have become direct customers of FastMatch. Consequently, FXCM Inc has adjusted the figures to reflect the changes. The trading volumes results from July 2015 have been restated to exclude FastMatch figures.

Trading volume from institutional clients totaled $47 billion for the month of August, which is 27 per cent higher than the previous month and 20 per cent lower than a year ago. Looking at the ADVs, institutional clients of FXCM Inc (NYSE:FXCM) generated $2.3 billion in August, which is 44 per cent higher than in July and 18 per cent lower when compared to a year ago.

The total trading figures for institutional clients of FXCM Inc came in at 34,957 trades per day, marking an increase of 18 per cent from July and 117 per cent when compared to August 2014.


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