FXCM March Flows Mixed, Retail Dips 6% as Institutional up 57% from February

FXCM's March retail volumes dip as institutional flows move higher.

US-based and listed FXCM Inc, under ticker FXCM on the NYSE, today reported key trading metrics for March, with mixed results showing a decline of 6% month-over-month (MoM) to $291 billion when compared to February, yet institutional volumes were up 57% during the same period.

In addition to the 6% decline from February, the March total of $291 billion was also lower when compared year-over-year (YoY) against March 2015. Overall, a similar trend can be seen this month, when comparing the mixed results in February, as reported by Finance Magnates.

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Institutional customer trading volumes reached $86 billion in March, jumping 57% MoM, higher by 26% YoY. FXCM noted that the average trading volume from institutional clients was $3.6 billion during March, up 4% MoM, and up a whopping 265% YoY.


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Finance Magnates
Finance Magnates

Quarter-over-quarter (QoQ), the company said that retail trading volume during Q1 2016 reached $931 billion, down 3% compared the prior quarter during Q4 2015.

The average retail customer trading volume per day in March was $12.7 billion, lower by 14% MoM, and 15% lower YoY. Yet, the average of 563,123 retail client traders per day in March was up 7% YoY, although also down 14% than February’s totals.

FXCM reported that it added just 214 new accounts, a figure that was little changed from the prior month, by 0.1%, and helped to reach 4,829 accounts YoY or 3% higher from March 2015. The number of tradeable accounts also rose slightly by 1% from February and reached 167,364 as of March, while YoY the total decreased 10% or by 17,812 accounts from the same month a year earlier. Shares of FXCM closed up nearly 2.67% around the time of the news, reaching 11.11 per share on the NYSE this Monday afternoon in New York.


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