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.
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.
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 Februaryβs 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.
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.
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.
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 Februaryβs 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.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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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.
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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
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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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.
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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.
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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.
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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.
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