FXCM’s November Retail, Institutional Volumes Soar MoM on Volatility

Volatility was a panacea for institutional and retail volumes in November, with both rising double digits MoM.

FXCM (NYSE:FXCM) has just reported its latest tranche of volumes and statistics for the month ending November 2016, having notched a double growth MoM in terms of its retail and institutional figures, per a recent FXCM report.

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In terms of retail trading metrics, during November 2016, FXCM’s monthly volumes came in at $353.0 billion, rising by a margin of 15.7% MoM from $305.0 billion in October 2016. The latest figures also completely pared the recent losses in volumes seen last month at FXCM, boosted by an explosion of volatility in currency markets due to the US election.

Moreover, retail figures for November 2016 were also higher YoY when compared to 2015, as the latest total retail volumes correlated to a rise of 18.0% YoY from November 2015. FXCM’s average daily volume (ADV) for retail customer trading during November 2016 did also manage to undergo a growth to $16.1 billion, up 11.0% MoM from $14.5 billion in October 2016, as well as 13.0% YoY against November 2015.

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Finally, FXCM’s retail trades executed an average of 613,233 retail client trades per day in November 2016, registering a 14.0% MoM ascension from 538,098 client trades in November 2016 – this was bolstered by a 26.0% YoY climb from November 2015. By extension, FXCM’s tradeable accounts also came in slightly better during November 2016, reporting 155,928 vs. 154,986 accounts in October 2016, or less than 1.0% higher MoM.

Institutional Volumes Snapshot

Looking at FXCM’s institutional customer trading volume, November 2016 yielded a total of $28.0 billion, trending upward by 16.7% MoM from $24.0 billion in October 2016. Despite this climb, FXCM’s institutional business this past month is still -32.0% lower YoY than November 2015, a recurring trend in H2 2016.

Institutional ADV also yielded $1.3 billion during the month ending November 2016, edging higher by 18.2 % MoM from $1.1 billion in October 2016. Much like its total volumes, FXCM’s latest institutional ADV was -35.0% lower YoY from November 2015.

Finally, FXCM’s institutional trades executed an average of 35,712 client trades per day in November 2016, correlating to a decline of -5.3% MoM from 37,709 client trades per day in October 2016.

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