Two Weeks after KCG, FXCM Launches FX Real Volume Indicator

FXCM announced today that it will launch a "groundbreaking" real-time, real volume indicator on its Trading Station platform. According to the company, the indicator is currently being tested and will only be officially launched in the coming weeks but is already available online.

The new indicator add-on will provide users with real volume being traded on the FXCM retail platforms for the top 14 currency pairs. Along with volume, the indicator will also provide transaction numbers for the pairs. Until now, 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 volume indicators have only shown tick volume with nothing about actual order flow.

About two weeks ago, on June 2, KCG Hotspot announced it will begin to publish daily volume reports of trading on its platform. FXCM was fast to follow and time will tell if this is a trend that all brokers will soon adopt. Such a trend will hopefully bring a higher level of transparency to the retail FX market.

Retail beginning traders in FX have often asked for volume indicators, especially those coming over from day trading stocks and options, now FXCM's Real Volume/Transactions Indicator will be able to provide it to clients. FXCM will also be publishing the volume data for the top 14 traded currency pairs and transaction numbers twice a day on its financial news website DailyFX, starting today.

Drew Niv, the CEO of FXCM, commented on the announcement: "This is the first in a series of new advanced trading Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term that FXCM will be releasing. Over the past year on average, FXCM does over $15 billion in retail trading volume a day on over 400 thousand transactions, providing a free indicator of this nature to sophisticated short-term traders is a game changer in the retail FX space."