FXCM Posts Sharp Rebound in Trading Metrics for September

Despite the month-on-month gains, the numbers in retail are still flat when compared to last year


FXCM has just released its client trading metrics for the month of September. The brokerage has registered increased activity as the summer lull in volatility has ended. The company’s retail trading metrics amounted to $324 billion, which is 20 per cent higher than in August and a tiny 0.6 per cent lower than September 2015.

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The average daily volumes have increased by 26 per cent to $14.7 billion, which is 0.7 per cent lower than a year ago. The average number of retail trades per day executed by clients of FXCM was 563,001. This figure is higher by 14 per cent when compared to last year and lower by 0.3 per cent when compared to September 2015.

During the third quarter of the year, a total of 38 per cent of retail trading volume was executed via indirect sources. Despite typically slower summer months, total trading activity for the period increased by 4 per cent to $875 billion. The figure is lower by 10 per cent than in the third quarter of 2015.

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The number of active accounts totaled 177,818, which is by 1 per cent higher when compared to August 31st, 2016, and lower by 1 per cent from September 30th, 2015. Tradeable accounts decreased 11 per cent from August to mark 155,067. Looking at a comparison in a year-on-year basis, the figures are only lower by 3 per cent from September 2015.

FXCM has charged a dormancy fee to its retail clients in September, a move which drove the number of accounts lower by 11 per cent.

Institutional Trading Metrics

Trading volumes from institutional clients of FXCM amounted to $29 billion in September 2016. The number is higher by 12 per cent when compared to August 2016 and lower by 38 per cent than in September 2015.

Average daily volumes metrics increased by 18 per cent to $1.3 billion per day, which is 18 per cent higher than in August and 38 per cent lower than in September 2015. The total number of trades executed by institutional clients of FXCM was 41,397, a figure which is higher by 12 per cent when compared to last month an by 39 per cent when compared to last year.

For the third quarter, total institutional trading volumes amounted to $96 billion. The number is lower by 47 per cent than in the second quarter of 2016, and by 27 per cent when compared to the third quarter of 2015.

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