FXCM reports lower trading volumes in February 2017
FXCM Group, LLC (“FXCM Group” or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, today announced certain key customer trading metrics for February 2017 for its retail and institutional foreign exchange business, excluding Forex Capital Markets LLC (“FXCM US”).
February 2017 Customer Trading Metrics from Continuing Operations (excluding United States business due to accounts sale and business withdrawal)
Customer Trading Metrics
- Customer trading volume(1) of $201 billion in February 2017, 21% lower than January 2017 and 33% lower than February 2016.
- Average customer trading volume(1) per day of $10.1 billion in February 2017, 16% lower than January 2017 and 29% lower than February 2016.
- An average of 408,446 client trades per day in February 2017, 16% lower than January 2017 and 29% lower than February 2016.
- Retail Active accounts(2) of 130,432 as of February 28, 2017, a decrease of 1,576, or 1%, from January 31, 2017, and a decrease of 2,827, or 2%, from February 29, 2016.
- Retail Tradeable accounts(3) of 109,133 as of February 28, 2017, an increase of 2,927, or 3%, from January 31, 2017, and a decrease of 2,145, or 2%, from February 29, 2016.
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of FXCM Group. FXCM undertakes no obligation to publicly update or review previously reported operating data. Any updates to previously reported operating data will be reflected in the historical operating data that can be found on the Company’s corporate website www.fxcm.com/uk.
(1) Volume that FXCM customers traded in period is translated into US dollars.
(2) An Active Account represents an account that has traded at least once in the previous twelve months.
(3) A Tradeable Account is an account with sufficient funds to place a trade in accordance with FXCM trading policies.