FXCM's Retail Volume Dips 3% in June, as Institutional Figures Rocket Higher by 22%

The company released volume numbers for the final month of the quarter with June marking $254 billion, which makes it

fxcm_logo_optimisedMonthly volume figures at FXCM have just been released in a company statement, revealing yet another divergence in the figures between institutional and retail clients, just like the numbers from direct competitor GAIN Capital did last week. FXCM has announced that volumes generated by retail accounts have reached $254 billion during the month of June, which is lower by 3% when compared to May and by 36% when compared to last year.

For the three months during Q2 of 2014, the figures have totalled $769 billion, which is lower by 18% from Q1 and by 33% when compared to Q2 2013. In contrast to other major players on the retail side of business, FXCM’s numbers have marked their lowest figures for the quarter in April.

That said, the average daily volume has totalled $12.1 billion, which is more or less flat month-on-month (+1%). The number of client trades per day has been reported by the company at 350,069, which is a notch higher than in May (again +1%). Meanwhile the number of tradable accounts has been reported at 208,365, which is higher by 4,336 accounts or 2% when compared to last month.

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On the institutional front the picture is looking quite different with metrics coming in at $226 billion during the month of June, which is higher by 22% when compared to last month and 23% higher than last year’s figures. the average institutional trading volume per day has also marked an increase – 29% higher than May. The number of trades per day has been lower coming in at 54,542, meaning that greater risk appetite during the event driven trading during the month of June has been the main driver for volumes.

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