Records Galore as FXCM Tops Retail Trading Volumes in May
Wednesday,05/06/2013|21:07GMTby
Adil Siddiqui
FX markets are experiencing a fierce rally in daily trade volumes as volatile markets force traders to take positions. FXCM announces record trade volumes for May 2013.
Listed FX broker, FXCM, continues to keep shareholders happy as the broker announces positive trading volumes for the month of May. The broker achieved record trade volume for its retail client base reaching $390 billion for the month. This was complemented by record trading in its institutional segment, hitting $191 billion.
Retail Trading Metrics
Retail customer trading volume (1) of $390 billion in May 2013, 7% higher than April 2013 and 28% higher than May 2012.
Average retail customer trading volume(1) per day of $17.0 billion in May 2013, 2% higher than April 2013 and 29% higher than May 2012.
An average of 498,089 retail client trades per day in May 2013, 0.1% lower than April 2013 and 37% higher than May 2012.
Tradable accounts(2) of 197,506 as of May 31, 2013, an increase of 1,332 accounts, or 0.7% from April 2013, and a decrease of 6,367 accounts, or 3% from May 2012.
Institutional Trading Metrics
Institutional customer trading volume (1) of $191 billion in May 2013, 4% higher than April 2013 and 39% higher than May 2012.
Average institutional trading volume (1) per day of $8.3 billion in May 2013, no change from April 2013 and 39% higher than May 2012.
An average of 39,364 institutional client trades per day in May 2013, 72% higher than April 2013 and 139% higher than May 2012.
Mixed Results
The April rally, which fooled the market with the largest drop in Gold in a single day since the 80's had a major impact on trading volumes for the month of April, where participants saw strong performance. Volumes in May are having a topsy-turvy ride with some participants, for example Japan's GMO seeing a massive increase for the month, on the other hand, Danish premier Saxo Bank witnessed a 7.6% reduction in volumes.
Dividends
The NYSE listed broker announced in a press briefing on Monday that it will begin trading ex-dividend, on June 04, 2013. Shareholders will receive cash dividends of $0.06 per share which are scheduled to be paid on July 01, 2013. Shareholders who purchased FXCM stock prior to the ex-dividend date are eligible for the cash dividend payment. The broker has consistently paid the same dividend for 10 consecutive quarters. At the current stock price of $13.87, the dividend yield is 1.73%.
The year of the snake (2013) has been a pleasant one for the worlds largest international FX broker, in its Q1 quarterly earnings the firm stated that markets were looking bullish on the back of a difficult 2012: achieving “Robust volume across all lines of business, despite only moderate pick up in volatility.”
The Deutsche Bank CVIX index, the equivalent of VIX for the FX markets, saw increased movements for the month of May ranging below 9.5, this comes on the back of continued pressure on the Yen and increased pessimism in the Australian dollar, a driving force behind trading volumes.
The only way is institutional
Dmitri Galinov, CEO of FastMatch
FXCM's institutional division is coming on strong on the back of its FXCM Pro and Lucid Markets offerings. In a comment to Forex Magnates about the technological advantages of FastMatch, Dmitri Galinov, CEO of FastMatch said: “FastMatch is using the technologies that have for a long time been prevalent in the Equities space. Traditionally these have not been available to the FX market since the Liquidity has been so widely dispersed. As further transition to electronic trading and transparency in the FX market happened, these tools can now be applied.
As a result FastMatch not only offers fantastic opportunities in offering multiple sources of unique liquidity such as retail and custodial flow but the matching engine facilitates a fill in the most efficient fashion out there and at a speed that is somewhere close to being some 10 times faster than other ECNs.”
Notes:
(1) Volume that FXCM customers traded in period translated into US dollars.
(2) An account that has sufficient funds to place a trade in accordance with FXCM trading policies.
Listed FX broker, FXCM, continues to keep shareholders happy as the broker announces positive trading volumes for the month of May. The broker achieved record trade volume for its retail client base reaching $390 billion for the month. This was complemented by record trading in its institutional segment, hitting $191 billion.
Retail Trading Metrics
Retail customer trading volume (1) of $390 billion in May 2013, 7% higher than April 2013 and 28% higher than May 2012.
Average retail customer trading volume(1) per day of $17.0 billion in May 2013, 2% higher than April 2013 and 29% higher than May 2012.
An average of 498,089 retail client trades per day in May 2013, 0.1% lower than April 2013 and 37% higher than May 2012.
Tradable accounts(2) of 197,506 as of May 31, 2013, an increase of 1,332 accounts, or 0.7% from April 2013, and a decrease of 6,367 accounts, or 3% from May 2012.
Institutional Trading Metrics
Institutional customer trading volume (1) of $191 billion in May 2013, 4% higher than April 2013 and 39% higher than May 2012.
Average institutional trading volume (1) per day of $8.3 billion in May 2013, no change from April 2013 and 39% higher than May 2012.
An average of 39,364 institutional client trades per day in May 2013, 72% higher than April 2013 and 139% higher than May 2012.
Mixed Results
The April rally, which fooled the market with the largest drop in Gold in a single day since the 80's had a major impact on trading volumes for the month of April, where participants saw strong performance. Volumes in May are having a topsy-turvy ride with some participants, for example Japan's GMO seeing a massive increase for the month, on the other hand, Danish premier Saxo Bank witnessed a 7.6% reduction in volumes.
Dividends
The NYSE listed broker announced in a press briefing on Monday that it will begin trading ex-dividend, on June 04, 2013. Shareholders will receive cash dividends of $0.06 per share which are scheduled to be paid on July 01, 2013. Shareholders who purchased FXCM stock prior to the ex-dividend date are eligible for the cash dividend payment. The broker has consistently paid the same dividend for 10 consecutive quarters. At the current stock price of $13.87, the dividend yield is 1.73%.
The year of the snake (2013) has been a pleasant one for the worlds largest international FX broker, in its Q1 quarterly earnings the firm stated that markets were looking bullish on the back of a difficult 2012: achieving “Robust volume across all lines of business, despite only moderate pick up in volatility.”
The Deutsche Bank CVIX index, the equivalent of VIX for the FX markets, saw increased movements for the month of May ranging below 9.5, this comes on the back of continued pressure on the Yen and increased pessimism in the Australian dollar, a driving force behind trading volumes.
The only way is institutional
Dmitri Galinov, CEO of FastMatch
FXCM's institutional division is coming on strong on the back of its FXCM Pro and Lucid Markets offerings. In a comment to Forex Magnates about the technological advantages of FastMatch, Dmitri Galinov, CEO of FastMatch said: “FastMatch is using the technologies that have for a long time been prevalent in the Equities space. Traditionally these have not been available to the FX market since the Liquidity has been so widely dispersed. As further transition to electronic trading and transparency in the FX market happened, these tools can now be applied.
As a result FastMatch not only offers fantastic opportunities in offering multiple sources of unique liquidity such as retail and custodial flow but the matching engine facilitates a fill in the most efficient fashion out there and at a speed that is somewhere close to being some 10 times faster than other ECNs.”
Notes:
(1) Volume that FXCM customers traded in period translated into US dollars.
(2) An account that has sufficient funds to place a trade in accordance with FXCM trading policies.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
