FXCM Sees Retail Volumes Fall in February, Institutional Business Shines
Posted: Wed Mar 09, 2016 10:25 pm
FXCM (NYSE:FXCM) has reported its monthly trading metrics for February 2016, as well as their Q4 2015 financials that closed out a tumultuous year for the US broker.
In terms of retail trading metrics, during February 2016, FXCM’s monthly volumes were reported $309.0 billion, falling -6.6% MoM from $331 billion in January 2016. The performance is inverted however, especially when measured against its YoY counterpart, with secured a sizable YoY advance of 36.0% from $227.2 billion in February 2015.
Moreover, the average daily volume (ADV) for retail customer trading during February 2016 also fell to just $14.7 billion, -11.0% lower MoM than ... (read more)