FXCM Reports Monthly Metrics
October 11 2016 - 6:45AM
FXCM Inc. (NASDAQ:FXCM) today announced
certain key customer trading metrics for September 2016 for its
retail and institutional foreign exchange business.
September 2016 Customer Trading Metrics from Continuing
Operations (1)
Retail Customer Trading Metrics
- Retail customer trading volume (2) of $324 billion in
September 2016, 20% higher than August 2016 and 0.6% lower than
September 2015.
- Average retail customer trading volume (2) per day of
$14.7 billion in September 2016, 26% higher than August 2016 and
0.7% lower than September 2015.
- An average of 563,001 retail client trades per day in September
2016, 14% higher than August 2016 and 0.3% lower than September
2015.
- Volume from indirect sources was 38% of total retail
volume (2) in the third quarter 2016.
- Retail customer trading volume (2) for the third
quarter 2016 was $875 billion, 4% higher than the second quarter
2016, and 10% lower than the third quarter 2015.
- Active accounts (3) of 177,818 as of September 30,
2016, an increase of 2,061, or 1%, from August 31, 2016, and a
decrease of 2,303, or 1%, from September 30, 2015.
- Tradeable accounts (4) of 155,067 as of September 30,
2016, a decrease of 18,381, or 11%, from August 31, 2016, and a
decrease of 5,283, or 3%, from September 30, 2015.
Retail Tradeable Accounts declined 11% which was mainly driven
by the accounts removed due to the dormancy fee charged to clients
on September 30, 2016. If dormancy fees were not charged,
Tradeable accounts would have decreased by 1,068 accounts or 0.6%
in September 30, 2016 when compared to August 31, 2016.
Institutional Customer Trading Metrics
- Institutional customer trading volume (2) of $29 billion
in September 2016, 12% higher than August 2016 and 38% lower than
September 2015.
- Average institutional trading volume (2) per day of $1.3
billion in September 2016, 18% higher than August 2016 and 38%
lower than September 2015.
- An average of 41,397 institutional client trades per day in
September 2016, 12% higher than August 2016 and 39% higher than
September 2015.
- Institutional customer trading volume (2) for the
third quarter 2016 was $96 billion, 47% lower than the second
quarter 2016, and 27% lower than the third quarter 2015.
More information, including historical results for each of the
above metrics, can be found on the investor relations page of
FXCM's corporate website www.fxcm.com.
This operating data is preliminary and subject to revision and
should not be taken as an indication of the financial performance
of FXCM Inc. 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 Investor
Relations page of the Company's corporate
website www.fxcm.com.
(1) Customer Trading Metrics from Continuing Operations
excludes discontinued operations of FXCM Japan and FXCM Hong
Kong.
(2) Volume that FXCM customers traded in period is
translated into US dollars.
(3) An Active Account represents an account that has traded
at least once in the previous twelve months.
(4) A Tradeable Account is an account with sufficient funds
to place a trade in accordance with FXCM trading policies.
About Us FXCM
Inc. (NASDAQ:FXCM) is a publicly traded company which
owns 50.1% of FXCM Group, LLC (FXCM Group).
FXCM Group is a holding company of Forex
Capital Markets LLC, (FXCM US), Forex Capital
Markets Limited, inclusive of all EU branches (FXCM
UK), FXCM Australia Pty. Limited, (FXCM
AU), and all affiliates of aforementioned firms, or other
firms under the FXCM group of companies (collectively “FXCM”). FXCM
Group is owned and operated by FXCM
Inc. (NASDAQ:FXCM) and Leucadia National Corporation
(NYSE:LUK). Leucadia National Corporation is a multi-billion dollar
diversified holding company engaged through its consolidated
subsidiaries in a variety of businesses.
FXCM is a leading provider of online
foreign exchange (FX) trading, CFD trading, spread betting and
related services. The company's mission is to provide global
traders with access to the world's largest and most liquid market
by offering innovative trading tools, hiring excellent trading
educators, meeting strict financial standards and striving for the
best online trading experience in the market. Clients have the
advantage of mobile trading, one-click order execution and trading
from real-time charts. In addition, FXCM offers educational courses
on FX trading and provides trading tools proprietary data and
premium resources. FXCM Pro provides
retail brokers, small hedge funds and emerging market banks access
to wholesale execution and liquidity, while providing high and
medium frequency funds access to prime brokerage services via FXCM
Prime. Trading foreign exchange and CFDs on margin carries a high
level of risk, which may result in losses that could exceed your
deposits, therefore may not be suitable for all
investors. Read full disclaimer.
Disclosure Regarding Forward-Looking
Statements
In addition to historical information, this release may contain
"forward-looking statements" within the meaning of the safe harbor
provisions of Section 27A of the Securities Act and Section 21E of
the Securities Exchange Act of 1934 which reflect FXCM Inc’s
current views with respect to, among other things, its operations
and financial performance in the future. Forward-looking statements
include statements about future results and performance, including
future market share and expected financial results. It is possible
that actual results may differ materially from the anticipated
results indicated in these forward-looking statements. Please refer
to FXCM Inc.'s most recent Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q, and other reports or documents FXCM Inc.
files with, or furnishes to, the SEC from time to time, for a
discussion of important factors that could cause actual results to
differ materially from those projected in these forward-looking
statements.
Contacts
Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications and Investor Relations
jsales@fxcm.com
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