FXCM positive trade volumes in May 2012
FXCM, one of the worlds largest FX brokers has announced positive trading results for May 2012. The broker announced certain key
FXCM, one of the worlds largest FX brokers has announced positive trading results for May 2012. The broker announced certain key operating metrics for May 2012 for its retail and institutional foreign exchange business. Monthly activities included:
May 2012
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Retail Trading Metrics
· Retail customer trading volume(1)of $304 billion in May 2012, 23% higher than April 2012 and 7% lower than May 2011.
· Average retail customer trading volume(1)per day of $13.2 billion in May 2012, 12% higher than April 2012 and 11% lower than May 2011.
· An average of 362,293 retail client trades per day in May 2012, 12% higher than April 2012 and 0.4% lower than May 2011.
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· Tradeable accounts(2) of 203,873 as of May 31, 2012, an increase 1,334, or 1% from April 2012, and an increase of 36,029,or 21%, from May 2011.
Institutional Trading Metrics
- · Institutional customer trading volume(1) of $138 billion in May 2012, 34% higher than April 2012 and 73% higher than May 2011.
· Average institutional trading volume(1)per day of $6.0 billion in May 2012, 22% higher than April 2012 and 65% higher than May 2011.
· An average of 16,496 institutional client trades per day in May 2012, 21% higher than April 2012 and 90% higher than May 2011.
“May turned out to be a solid month for FXCM. Despite weak volatility in the first half of the month, we saw a nice rebound in the second half of the month, and this can be seen through our volumes. We are well positioned if trends in volatility continue,” said Drew Niv, Chief Executive Officer.
(1) Volume that FXCM customers traded in period translated into US dollars.
(2) An account that has sufficient funds to place a trade in accordance with FXCM trading policies.
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My comment has nothing to do with the article above, it just signals some news that went unnoticed: cTrader (formerly xTrader), the company that designed and coded the ECN software platform for FxPro, changed its name earlier this year into Spotware and got itself a UK address instead of its previous Cyprus one (still, I guess that they have only got a small office in London and that the bulk of the company is still in Cyprus). Their website changed too: http://www.spotware.com. I’m very curious to see how they’ll do in the future, so far FxPro seems to be their… Read more »
My comment has nothing to do with the article above, it just signals some news that went unnoticed: cTrader (formerly xTrader), the company that designed and coded the ECN software platform for FxPro, changed its name earlier this year into Spotware and got itself a UK address instead of its previous Cyprus one (still, I guess that they have only got a small office in London and that the bulk of the company is still in Cyprus). Their website changed too: http://www.spotware.com. I’m very curious to see how they’ll do in the future, so far FxPro seems to be their… Read more »
actually from i hear they are doing VERY well lately, we intend to write something about them (working on that)
actually from i hear they are doing VERY well lately, we intend to write something about them (working on that)
Great, then, I’ll impatiently keep checking this blog for your article.
Great, then, I’ll impatiently keep checking this blog for your article.