FxPro Enjoys 32.5% y/y Growth in Trading Volume in Q3

FxPro announces  the operating metrics for Q3 and there are a few interesting numbers. Trading volume has reached $302 billion, a 32.5% rise since Q3 2010 and 3.2% above Q2 2011. 

Unsurprisingly, EUR/USD is the most traded pair, with GBP/USD in the second place. What’s more interesting is that AUD/USD took the third place. Given the high volatility of the Aussie and the shallow movements in the yen, this trend will likely continue.

For more figures, here is the official press release:

FxPro ANNOUNCES THIRD QUARTER OPERATING METRICS

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October 12th 2011, London: FxPro Financial Services Ltd (FxPro) a leading global forex broker today announced its operating metrics for the third quarter of 2011.

Volume traded for Q3 2011 was $302 billion, up by 3.4% over Q2 2011 and 32.5% higher than the corresponding quarter in 2010. Volume in Q3 2011 was the highest since Q1 2009 with the exception of the second quarter of 2010 which was characterised by highly increased volatility in May 2010.

The most-traded currency pair was EURUSD with a 53% contribution to volume with GBPUSD representing only 17% and AUDUSD 5%.

Trading from clients in Asia increased slightly to 50% of total volume up from 49% in Q2 with European client volume reducing slightly to 34% in Q3 from 35% in Q2. Both regions remain significant as they contribute 84% of total volume traded.

Revenue per $million increased to $90.3 registering an increase of 12.7% from Q2 2011 and 4.6% lower than the corresponding quarter in 2010.

At the end of Q3 2011 FxPro had 17,932 tradable accounts1 and 14,639 active accounts2 up from 14,574 at the end of Q2 2011.

FxPro operating metrics can be found at: http://www.fxpro.com/group/company/operating-metrics

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