After tough start of the previous year and some hardship following it, FXCM recovered and showed good January results. The retail and institutional forex broker followed a serie of optimistic results of other brokerage house from January 2016, based on an increased volatility, mostly due to commodities.
Its operational metrics informed about forex volumes reaching $331 billion over the month of January, what is 2% higher as in the previous month. Nevertheless, it is still 13% lower as in January 2015 (but we have to take into account the Swiss National Bank boost to volatility during the first month of 2015).
Here is a summary of retail sector volumes in FXCM for January 2016:
- Retail customer trading volume of $331 billion in January 2016, 2% higher than December 2015 and 13% lower than January 2015.
- Average retail customer trading volume per day of $16.5 billion in January 2016, 12% higher than December 2015 and 9% lower than January 2015.
- An average of 689,635 retail client trades per day in January 2016, 38% higher than December 2015 and 18% higher than January 2015.
- Active accounts of 171,895 as of January 31, 2016, a decrease of 5,952, or 3%, from December 2015, and an increase of 3,454, or 2%, from January 31, 2015.
- Tradeable accounts of 162,636 as of January 31, 2016, an increase of 1,004, or 1% from December 31, 2015, and a decrease of 20,356, or 11%, from January 31, 2015.
As for the institutional sector, its trading volumes were relatively unchanged over January 2016 and also much lower as in January 2015. There could be different reasons. Leaprate informs that it could be caused by FXCM move of its institutional traders to FastMatch.
Let’s have a look at the institutional trader’s volume summary on foreign exchange market for January 2016:
- Institutional customer trading volume of $36 billion in January 2016, no change from December 2015 and 51% lower than January 2015.
- Average institutional trading volume per day of $1.8 billion in January 2016, 13% higher than December 2015 and 49% lower than January 2015.
- An average of 40,580 institutional client trades per day in January 2016, 38% higher than December 2015 and 147% higher than January 2015.
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