FXCM Reports Dim Volumes for September as Late Summer Lull Bites

FXCM’s monthly volumes came in at $196 billion, down 13 percent month-over-month from $223 billion in active August.

Foreign exchange and CFDs brokerage FXCM Group has just reported its volumes and statistics for the month ending September 2017, which reversed off a notable uptick seen last month in terms of its of overall metrics.

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During September 2017, FXCM’s monthly volumes came in at $196 billion, falling by a margin of 13 percent month-over-month from $223 billion in August 2017. Additionally, retail figures for last month were lower year-over-year, correlating to a drop of 33.0 percent relative to September 2016.

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FXCM’s average daily volume (ADV) for retail customer trading during September 2017 also dropped to $9.3 billion, down 4.0 percent month-over-month from $9.7 billion in August 2017, and incurred a loss of 30 percent year-over-year against September 2016.

FXCM’s retail traders executed an average of 334,086 retail client trades per day in September 2017, shedding 2.0 percent month-over-month from 339,512 client trades in August 2017. This is lower by 34 percent year-on-year.

Meanwhile, FXCM’s active accounts saw a flat change across the monthly interval, reporting 122,806 as of September 30, 2017, a decrease of 605, or 0.5 percent from the month prior. However, the figure reflects a notable drop year-over-year and was lower by 9,307, or 7 percent relative to September 30, 2016.

Finally, FXCM’s volumes were flat throughout a quarterly schedule, having yielded $616 billion in Q3 2017 or 1 percent when weighed against the second quarter. However, the Q3 2017’s figures likewise showed a downbeat performance year-over-year after dropping 22 percent relative to the same quarter a year back.

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