FXCM Retail & Institutional Average Daily Volumes Tick Lower in October

The NASDAQ listed brokerage is reporting solid figures for October when compared to some industry peers

Online foreign exchange and CFDs brokerage FXCM Inc (NASDAQ:FXCM) has just reported the company’s monthly retail and institutional client trading metrics. The trading volume generated by retail clients totaled $305 billion in October 2016. The figure is lower by 6 percent when compared to September 2016 and by 9 percent lower than October 2015.

Looking at the Average Daily Volume (ADV) metrics, FXCM’s (NASDAQ:FXCM) October total was $14.5 billion. The figure is just 1 percent lower than in September 2016 and by 5 percent lower than in October 2015. The total number of retail client trades per day in October averaged 538,098. The figure is lower by 4 percent than in September 2016 and by 5 percent than in October 2015.

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The number of active accounts trading with FXCM (NYSE:FXCM) amounted to 177,949 as of October 31st, 2016. The figure increased by 131, or 0.1 percent from the end of September 2016, but declined by 324, or 0.2 percent from October 31st, 2015. The number of tradable accounts was 154,986 as of October 31st, 2016. The figure declined by 81, or 0.1 percent, from the end of September and by 6,099, or 4 percent when compared to October 31st, 2015.

Institutional Trading Volumes

Institutional clients contributed a total of $24 billion in October 2016. The amount is lower by 17 percent when compared to September 2016 and by 29 percent when compared to October 2015.

The ADV generated by institutional clients was $1.1 billion per day in October 2016. Last months number was lower by 15 percent when compared to September 2016 and lower by 21 percent when compared to the same month last year. Institutional customers of FXCM Inc contributed to the company’s total trades number with 37,709  trades daily. The number is lower by 9 percent when compared to September 2016, but a whopping 32 percent higher than in October 2015.

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