FXCM Monthly Retail Volumes Keep Rising as Institutional Slip

The trading volumes at FXCM increased further as leverage levels in jurisdictions outside of the U.S. have been restored

The trading volumes generated by retail customers of FXCM Inc (NYSE:FXCM) in May rebounded from April figures to $331 billion. The number is 8 percent higher than in April 2015 and 39 percent higher than in May 2014.

The average daily volume (ADV) for retail clients has increased even more sharply by 14 percent. The figure totaled $15.8 billion in May 2015 which is 46% higher than May 2014. Average trades per day totaled 520,282, which is 2 percent higher when compared to April 2015 and 65 percent higher than a year ago.

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The number of FXCM’s retail clients trading accounts has remained more or less flat month-on-month, with a rise of 263 accounts to 188,484 as of May 31st, 2015. This figure was higher by 19 percent or 29,583 accounts when compared to May last year.

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Retail trading volumes at FXCM have been increasing steadily in recent months, albeit at a slow pace, as the trading conditions for clients worldwide have been restored to pre-Swiss National Bank (SNB) levels. The FXCM Markets subsidiary of the company operating in unregulated markets is once more offering 1:400 leverage, while the UK branch of the broker is currently offering as much as 1:100 for example.

On the institutional front, FXCM didn’t fare so well – the trading volume declined by 6 percent to $206 billion in May, which is still higher by 11 percent when compared to May last year. The average daily volumes figured look a touch better, declining just 2 percent, which is broadly in line with industry trends for May.

The ADV from institutional clients totaled $9.8 billion which is about 17 percent higher than in May 2014. The total number of trades transacted by institutional clients of the broker in May, totaled 38,394, which was 30 percent lower than in April and 31 percent lower than a year ago.

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