FXCM Inc (NYSE:FXCM) has just reported a mixed bag of trading volumes for the month of June. While retail trading volumes have ticked lower by 2 per cent month-on-month to $275 billion, institutional figures have more than made up the difference, rising 16 per cent to $57 billion on a monthly basis.
High Brexit Collateral Requirements Push Retail Lower
Looking in depth at the retail trading volumes of clients of FXCM Inc (NYSE:FXCM), the figures were lower by 24 per cent when compared to June 2015. The average daily volume totaled $12.5 billion last month, which is lower by 2 per cent when compared to May and by 24 per cent when compared to the same month last year.
FXCM Inc (NYSE:FXCM) was one of the brokerages which introduced some of the highest collateral requirements during the Brexit vote.
The total number of trades executed across the systems of the brokerage amounted to 585,295 trades daily. The figure is 6 per cent higher than in May 2016 and 4 per cent higher than in June 2015.
The volume from indirect sources amounted to 37 per cent of the total retail volume throughout the second quarter of 2016. The total trading volume executed by retail clients for the second quarter of 2016 was $842 billion, which is 10 per cent lower than the first quarter of 2016. The figure is also 16 per cent lower than the second quarter of 2015.
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FXCM Inc (NYSE:FXCM) reported that the number of active accounts totaled 178,444. The figure is higher by 544 when compared to the last day of May (0.3 per cent growth) and by 1,139, when compared to the final day of the second quarter of 2015 (1 per cent growth).
As of June 30th, the amount of tradable accounts was 171,507 which is higher by 657, or 0.4 per cent when compared to the final day of May and lower by 16,862 when compared to June 30th, 2015.
Institutional Trading Spikes Higher in June
The institutional trading volumes at FXCM Inc (NYSE:FXCM) totaled $57 billion in June 2016 which is 14 per cent higher than in May 2016 and a whopping 58 per cent higher from June 2015.
The average daily volume figure of $2.6 billion translates into a number which is higher by 13 per cent when compared to May 2016 and by 53 per cent when compared to June 2015.
The monthly average of institutional trades amounted to 35,640 in June, which is lower by 23 per cent than May 2016 and higher by 165 per cent than June 2015. The total institutional clients trading volume for the second quarter of the year amounted to $182 billion. The figure is higher by 6 per cent than in the first quarter of 2016, and by 70 per cent when compared to the second quarter of 2015.