FXCM charged traders on average 64.3 pips on the XAU/USD pairing, up from 15.7 pips in March 2020.
FXCM Group today reported its execution quality metrics for May 2020, which showed the spread on its Gold instrument remains high as traders pay over the top to get their hands on the safe-haven asset. The report, however, shows stable rates across its average spreads for cryptocurrency and certain FX instruments.
FXCM charged traders on average 64.3 pips on the XAU/USD pairing (the ratio of gold to the US dollar), up from 15.7 pips in March 2020.
Like most asset classes, gold was affected by the unprecedented economic and financial market conditions in play around the globe. The bullion Liquidity was thinner recently due to logistics issue as the coronavirus has decimated supply chains across the world.
This has led to much wider spreads than usual while margin requirements increased on trading platforms run by banks and brokers, with the difference between prices in New York and London rising to as much as $70 an ounce.
Meanwhile, investors have been piling into gold this year in order to hedge against the rapid spread of coronavirus.
For the cryptocurrency pairs, the company averaged 27.5 pips on BTC/USD, down from 28.1 in March.
May’s spread was significantly lower when weighed against the 44 pips the company charged when it first reported spreads metrics for its bitcoin instrument two years ago, which in itself was in line with the industry norm at the time.
For the Ethereum and Litecoin instruments, FXCM charged on average 0.9 and 0.3 pips, respectively, also a touch lower from the months prior.
FXCM has recently expanded its crypto offering with the launch of a cryptocurrency basket for its retail clients.
Named CryptoMajor, the product groups five Cryptocurrencies all into one tradeable derivative, therefore, allowing traders to collate multiple instruments in one go, without the need to independently manage them. Instead of adding more exposure to a major cryptocurrency, FXCM’s CryptoMajor is made up of Bitcoin, Ripple, Litecoin, Bitcoin Cash, and Ether, giving an equal weighting for each coin in the basket.
According to figures stated in the report, the average spreads on the EUR/USD, GBP/USD, and AUD/USD pairs were 0.1, 0.5, and 0.2 pips, respectively.
FXCM also published its price improvements/slippage statics for May 2020, which showed the following highlights.
60.51% of orders executed at price
29.17% of orders executed with positive slippage
10.32% of orders executed with negative slippage
The company also reported on its execution speed, which is measured from the time a customer’s order is received to the time of filling. The average order execution time was 28 milliseconds in May. Although an important factor in determining where orders are routed, it is only one factor. Some brokers already provide a good speed of execution but fail to provide price improvement or liquidity.
The following table shows the exact figures in May:
FXCM Group today reported its execution quality metrics for May 2020, which showed the spread on its Gold instrument remains high as traders pay over the top to get their hands on the safe-haven asset. The report, however, shows stable rates across its average spreads for cryptocurrency and certain FX instruments.
FXCM charged traders on average 64.3 pips on the XAU/USD pairing (the ratio of gold to the US dollar), up from 15.7 pips in March 2020.
Like most asset classes, gold was affected by the unprecedented economic and financial market conditions in play around the globe. The bullion Liquidity was thinner recently due to logistics issue as the coronavirus has decimated supply chains across the world.
This has led to much wider spreads than usual while margin requirements increased on trading platforms run by banks and brokers, with the difference between prices in New York and London rising to as much as $70 an ounce.
Meanwhile, investors have been piling into gold this year in order to hedge against the rapid spread of coronavirus.
For the cryptocurrency pairs, the company averaged 27.5 pips on BTC/USD, down from 28.1 in March.
May’s spread was significantly lower when weighed against the 44 pips the company charged when it first reported spreads metrics for its bitcoin instrument two years ago, which in itself was in line with the industry norm at the time.
For the Ethereum and Litecoin instruments, FXCM charged on average 0.9 and 0.3 pips, respectively, also a touch lower from the months prior.
FXCM has recently expanded its crypto offering with the launch of a cryptocurrency basket for its retail clients.
Named CryptoMajor, the product groups five Cryptocurrencies all into one tradeable derivative, therefore, allowing traders to collate multiple instruments in one go, without the need to independently manage them. Instead of adding more exposure to a major cryptocurrency, FXCM’s CryptoMajor is made up of Bitcoin, Ripple, Litecoin, Bitcoin Cash, and Ether, giving an equal weighting for each coin in the basket.
According to figures stated in the report, the average spreads on the EUR/USD, GBP/USD, and AUD/USD pairs were 0.1, 0.5, and 0.2 pips, respectively.
FXCM also published its price improvements/slippage statics for May 2020, which showed the following highlights.
60.51% of orders executed at price
29.17% of orders executed with positive slippage
10.32% of orders executed with negative slippage
The company also reported on its execution speed, which is measured from the time a customer’s order is received to the time of filling. The average order execution time was 28 milliseconds in May. Although an important factor in determining where orders are routed, it is only one factor. Some brokers already provide a good speed of execution but fail to provide price improvement or liquidity.
The following table shows the exact figures in May:
Gender Gap in Online Privacy Concerns: Women More Reserved in Sharing Personal Data
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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