FXCM Reports Monthly Metrics for November 2011 – active accounts at peak, volume steady

FXCM just reported its numbers for November 2011 - while total number of active accounts is at peak (162,166), retail

FXCM just reported its numbers for November 2011 – while total number of active accounts is at peak (162,166), retail forex volume is just a little higher than in October 2011 (probably because in October there were 22 trading days and not 21 like in November). Institutional forex volume however is FXCM’s second best ever.

FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for November 2011 for its retail and institutional foreign exchange business. Monthly activities included:

Retail Trading Metrics

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  • Retail customer trading volume(1) of $345 billion in November 2011, 2% higher than October 2011 and 7% higher than November 2010.
  • Average retail customer trading volume(1) per day of $15.7 billion in November 2011, 3% lower than October 2011 and 7% higher than November 2010.
  • An average of 452,268 retail client trades per day in November 2011, 2% lower than October 2011 and 31% higher than November 2010.
  • Tradeable accounts(2) of 192,772 as of November 30, 2011, an increase of 1,197, or 1% from October 2011, and an increase of 12,783,or 7%, from November 2010.

Institutional Trading Metrics

  • Institutional customer trading volume(1) of $151 billion in November 2011, 13% lower than October 2011 and 108% higher than November 2010.
  • Average institutional trading volume(1) per day of $6.9 billion in November 2011, 17% lower than October 2011 and 108% higher than November 2010.
  • An average of 30,011 institutional client trades per day in November 2011, 31% lower than October 2011 and 521% higher than November 2010.

(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. 

FXCM is world’s largest retail forex broker in terms of volume according to the latest Forex Magnates Retail Forex Industry Report.
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