FXPro to report volumes and key client data

The new trend for the bigger FX brokers seems to be publishing their trade figures (usually very sensitive), Alpari had announced figures in 2010 and there has been talk of them looking to go public.

FxPro Financial Services Ltd ('FxPro'), an award winning 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 it will be publishing operational metrics for its business. From October 2011 these will be released and published on a quarterly basis.

August 2011 was a record month for FxPro with volumes reaching $115.4 billion, 57.6% higher than August 2010 and 18.5% higher than July 2011.

The most popular currency pair was EUR/USD which accounted for 49.5% of the volumes traded, with GBP/USD the next most popular at 15.6%, and AUD/USD accounting for 5.3%.

Trading from Asian clients continued to grow contributing 49% of volumes. European clients contributed 35%.

FxPro had 18,158 tradable accounts[1] at the end of August 2011. Of those 10,814 traded during the month up by 5.8% from July 2011 and 13.5% higher than August 2010 - executing a total of 1,928,752 trades.

In Q2 2011, trading volumes were $292 billion, down 1.7% from Q1 2011. Revenue was $23.42 million, up 36.6% from Q1 and revenue per million traded was $80.10, up 38.8% from Q1. At the end of Q2 active accounts[2] were 14,574, down 2.4%.

Denis Sukhotin, Founder of FxPro commented: "As a leading global Forex Broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term, FxPro believes it is important for us to encourage greater transparency in the industry. The quarterly release of our business' operational metrics is another step towards achieving this. Informing traders of the metrics will help them better understand the dynamics of the forex market."

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