FXCM Reports Retail Metrics Went Back Down in November

In contrast to the weak retail performance, the institutional trading volume at FXCM jumped up compared to the previous month.

FXCM Inc. (NYSE:FXCM) has just released certain key customer trading metrics for November 2015 for its retail and institutional foreign exchange business. The report shows that November was weaker than both FXCM’s solid October 2015 and the same month last year in terms of retail performance. However, on the institutional side of the business the brokerage actually saw a positive change.

FXCM reports retail customer trading volume of $298 billion in November 2015, 11% lower than October 2015 and 12% lower than November 2014. Average retail customer trading volume per day of $14.2 billion in November 2015, 7% lower than October 2015 and 15% lower than November 2014. An average of 487,560 retail client trades per day in November 2015, 5% lower than October 2015 and 6% lower than November 2014. Active accounts of 179,905 as of November 30, 2015, an increase of 1,632, or 1%, from October 2015, and an increase of 16,575, or 10%, from November 2014. Tradable accounts of 161,509 as of November 30, 2015, an increase of 424, or 0.3% from October 2015, and a decrease of 29,248, or 15%, from November 2014.

As for its institutional performance, FXCM reports institutional customer trading volume of $41 billion in November 2015, 21% higher than October 2015 and 51% lower than November 2014. Average institutional trading volume per day of $2.0 billion in November 2015, 25% higher than October 2015 and 52% lower than November 2014. An average of 31,780 institutional client trades per day in November 2015, 11% higher than October 2015 and 83% higher than November 2014.

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Earlier this month we reported that Latvian bank AS Expobank has concluded the acquisition of FXCM Securities, the securities arm of FXCM UK, as the brokerage is gearing towards repaying its loan to Leucadia National by the end of the first quarter of 2016.

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