FXCM reports March 2012 metrics – retail volume down, accounts up
NEW YORK, NY, April 16, 2012 – FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for March 2012
NEW YORK, NY, April 16, 2012 – FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for March 2012 for its retail and institutional foreign exchange business. Monthly activities included:
Retail Trading Metrics
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- Retail customer trading volume(1) of $340 billion in March 2012, 2% lower than February 2012 and 8% higher than March 2011. Volume from indirect sources was 46% of total retail volume(1) in the first quarter 2012. Retail customer trading volume(1) for the first quarter 2012 was $985 billion, 1% higher than the fourth quarter 2011, and 20% higher than the first quarter 2011.
- Average retail customer trading volume(1) per day of $15.5 billion in March 2012, 6% lower than February 2012 and 13% higher than March 2011.
- An average of 394,679 retail client trades per day in March 2012, 1% lower than February 2012 and 22% higher than March 2011.
- Tradeable accounts(2) of 200,132 as of March 31, 2012, an increase of 2,366, or 1% from February 2012, and an increase of 58,419,or 41%, from March 2011.
Institutional Trading Metrics
- Institutional customer trading volume(1) of $161 billion in March 2012, 27% higher than February 2012 and 105% higher than March 2011. Institutional customer trading volume(1) for the first quarter 2012 was $398 billion, 7% lower than the fourth quarter 2011 and 82% higher than the first quarter 2011.
- Average institutional trading volume(1) per day of $7.3 billion in March 2012, 21% higher than February 2012 and 115% higher than March 2011.
- An average of 26,060 institutional client trades per day in March 2012, 12% lower than February 2012 and 278% higher than March 2011.
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So, the volume has increased after all.. compared to 2011. Interesting to know more about other large brokerages.
So, the volume has increased after all.. compared to 2011. Interesting to know more about other large brokerages.
The increase in the total amount of accounts is not surprising due to the fact that most US clients have been forced to come back to the states or have finally succumb to the notion that their are no real NON – US options. The surprising thing to me is that volume is only up 8-13% from 2011. We have to remember that the US market was still reeling because of the recent Dodd Frank changes in early 2011 and to have only increased that small amount in a year is intriguing.
The increase in the total amount of accounts is not surprising due to the fact that most US clients have been forced to come back to the states or have finally succumb to the notion that their are no real NON – US options. The surprising thing to me is that volume is only up 8-13% from 2011. We have to remember that the US market was still reeling because of the recent Dodd Frank changes in early 2011 and to have only increased that small amount in a year is intriguing.