US based Forex broker FXCM reported a drop in retail trading volume during October, in comparison to both October 2012 and November 2011.
On the other hand, institutional activity continues being a strong growth source for the company in comparison with previous months, but not when looking at 2011.  FXCM recently reported a Shelf Registration Filing Worth $125 Million. For more, here are full numbers from the official press release.
- Retail customer trading volume(1)Â of $305 billion in November 2012, 6% lower than October 2012 and 11% lower than November 2011.
- Average retail customer trading volume(1)Â per day of $13.9 billion in November 2012, 1% lower than October 2012 and 11% lower than November 2011.
- An average of 353,983 retail client trades per day in November 2012, 4% higher than October 2012 and 22% lower than November 2011.
- Tradeable accounts(2)Â of 203,495 as of November 30, 2012, a decrease of 219, or 0.11% from October 2012, and an increase of 10,723, or 6%, from November 2011.
November 2012 Institutional Trading Metrics
- Institutional customer trading volume(1)Â of $90 billion in November 2012, 68% higher than October 2012 and 41% lower than November 2011.
- Average institutional trading volume(1)Â per day of $4.1 billion in November 2012, 76% higher than October 2012 and 41% lower than November 2011.
- An average of 9,837 institutional client trades per day in November 2012, 68% higher than October 2012 and 67% lower than November 2011.
More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company’s corporate web site, 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 web site, www.fxcm.com.
(1)Â Volume that FXCM customers traded in period translated into US dollars.
(2)Â An account that has sufficient funds to place a trade in accordance with FXCM trading policies.
