FxPro releases Q3 2011 forex metrics - volume is slightly up
- FxPro Financial Services Ltd (FxPro) a leading global forex broker today announced its operating metrics for the third quarter of 2011. FxPro started releasing its opearting metrics (even though it's not a public company) in the previous quarter. FxPro has since shown that it improved in any possible metric since the IPO data which was released by Forex Magnates back December 2010.
FxPro Financial Services Ltd (FxPro) a leading global Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker today announced its operating metrics for the third quarter of 2011.
FxPro started releasing its opearting metrics (even though it's not a public company) in the previous quarter. FxPro has since shown that it improved in any possible metric since the IPO data which was released by Forex Magnates back December 2010.
| 2009 Q1 | 2009 Q2 | 2009 Q3 | 2009 Q4 | 2010 Q1 | 2010 Q2 | 2010 Q3 | 2010 Q4 | 2011 Q1 | 2011 Q2 | 2011 Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Volume ($bn) | 214 | 182 | 239 | 290 | 270 | 320 | 228 | 253 | 297 | 292 | 302 |
| Revenue ($mn) | 11.72 | 15.62 | 13.30 | 17.71 | 16.88 | 20.94 | 21.56 | 20.87 | 17.15 | 23.42 | 27.23 |
| Revenue per million traded ($) | 54.84 | 85.99 | 55.70 | 61.15 | 62.41 | 65.53 | 94.67 | 82.37 | 57.70 | 80.10 | 90.30 |
| Active Accounts | 13,248 | 11,520 | 12,550 | 13,826 | 14,582 | 15,121 | 13,853 | 13,589 | 14,935 | 14,574 | 14,639 |
Volume traded for Q3 2011 was $302 billion, up by 3.4% over Q2 2011 and 32.5% higher than the corresponding quarter in 2010. Volume in Q3 2011 was the highest since Q1 2009 with the exception of the second quarter of 2010 which was characterised by highly increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in May 2010.
The most-traded currency pair was EURUSD with a 53% contribution to volume with GBPUSD representing only 17% and AUDUSD 5%.
Trading from clients in Asia increased slightly to 50% of total volume up from 49% in Q2 with European client volume reducing slightly to 34% in Q3 from 35% in Q2. Both regions remain significant as they contribute 84% of total volume traded.
Revenue per $million increased to $90.3 registering an increase of 12.7% from Q2 2011 and 4.6% lower than the corresponding quarter in 2010.
At the end of Q3 2011 FxPro had 17,932 tradable accounts1 and 14,639 active accounts2 up from 14,574 at the end of Q2 2011.
FxPro operating metrics can be found at: https://www.fxpro.com/group/company/operating-metrics
About FxPro
FxPro Financial Services Limited (FxPro) is an award-winning global forex broker. Providing both institutional and retail offerings to clients in more than 150 countries it offers advanced trading facilities through a full range of platforms that includes MT4 and an innovative new ECN platform - cTrader - supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred forex broker and it has become the first choice for forex traders needing user-friendly market access and a superior trading infrastructure and support.
With offices in the UK, France, Spain, Austria, Russia and Cyprus, FxPro is authorised and regulated by the Cyprus Securities and Exchange Commission, under licence number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).
FxPro UK Limited is authorised and regulated in the United Kingdom by the Financial Services Authority (FSA), registration number 509956. Registered address 13/14 Basinghall Street, London, EC2V 5BQ.
For further information, please visit www.fxpro.com.
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FxPro Financial Services Ltd (FxPro) a leading global Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term broker today announced its operating metrics for the third quarter of 2011.
FxPro started releasing its opearting metrics (even though it's not a public company) in the previous quarter. FxPro has since shown that it improved in any possible metric since the IPO data which was released by Forex Magnates back December 2010.
| 2009 Q1 | 2009 Q2 | 2009 Q3 | 2009 Q4 | 2010 Q1 | 2010 Q2 | 2010 Q3 | 2010 Q4 | 2011 Q1 | 2011 Q2 | 2011 Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Volume ($bn) | 214 | 182 | 239 | 290 | 270 | 320 | 228 | 253 | 297 | 292 | 302 |
| Revenue ($mn) | 11.72 | 15.62 | 13.30 | 17.71 | 16.88 | 20.94 | 21.56 | 20.87 | 17.15 | 23.42 | 27.23 |
| Revenue per million traded ($) | 54.84 | 85.99 | 55.70 | 61.15 | 62.41 | 65.53 | 94.67 | 82.37 | 57.70 | 80.10 | 90.30 |
| Active Accounts | 13,248 | 11,520 | 12,550 | 13,826 | 14,582 | 15,121 | 13,853 | 13,589 | 14,935 | 14,574 | 14,639 |
Volume traded for Q3 2011 was $302 billion, up by 3.4% over Q2 2011 and 32.5% higher than the corresponding quarter in 2010. Volume in Q3 2011 was the highest since Q1 2009 with the exception of the second quarter of 2010 which was characterised by highly increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in May 2010.
The most-traded currency pair was EURUSD with a 53% contribution to volume with GBPUSD representing only 17% and AUDUSD 5%.
Trading from clients in Asia increased slightly to 50% of total volume up from 49% in Q2 with European client volume reducing slightly to 34% in Q3 from 35% in Q2. Both regions remain significant as they contribute 84% of total volume traded.
Revenue per $million increased to $90.3 registering an increase of 12.7% from Q2 2011 and 4.6% lower than the corresponding quarter in 2010.
At the end of Q3 2011 FxPro had 17,932 tradable accounts1 and 14,639 active accounts2 up from 14,574 at the end of Q2 2011.
FxPro operating metrics can be found at: https://www.fxpro.com/group/company/operating-metrics
About FxPro
FxPro Financial Services Limited (FxPro) is an award-winning global forex broker. Providing both institutional and retail offerings to clients in more than 150 countries it offers advanced trading facilities through a full range of platforms that includes MT4 and an innovative new ECN platform - cTrader - supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred forex broker and it has become the first choice for forex traders needing user-friendly market access and a superior trading infrastructure and support.
With offices in the UK, France, Spain, Austria, Russia and Cyprus, FxPro is authorised and regulated by the Cyprus Securities and Exchange Commission, under licence number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).
FxPro UK Limited is authorised and regulated in the United Kingdom by the Financial Services Authority (FSA), registration number 509956. Registered address 13/14 Basinghall Street, London, EC2V 5BQ.
For further information, please visit www.fxpro.com.