FXCM Inc. Announces Operating Results for the Month, Fourth Quarter and Full Year Ended December 31, 2016
January 12, 2017 at 08:00 am
Share
FXCM Inc. announced operating results for the month, Fourth quarter and full year ended December 31, 2016. For the month of December, the company reported retail customer trading volume of $235 billion in December 2016, 27% lower than December 2015. Average retail customer trading volume per day was $11.2 billion in December 2016, 24% lower than December 2015. An average of 484,611 retail client trades per day in December 2016, 3% lower than December 2015. Active accounts of 178,782 as of December 31, 2016, an increase of 935, or 0.5%, from December 31, 2015. Tradeable accounts of 155,353 as of December 31, 2016, a decrease of 6,279, or 4%, from December 31, 2015 Institutional customer trading volume of $25 billion in December 2016, 31% lower than December 2015. Average institutional trading volume per day of $1.2 billion in December 2016, 25% lower than December 2015. An average of 34,649 institutional client trades per day in December 2016, 18% higher than December 2015.
For the fourth quarter, the company reported retail customer trading volume of $893 billion, 7% lower than the fourth quarter 2015. Volume from indirect sources was 39% of total retail volume in the fourth quarter 2016. Institutional customer trading volume) for the fourth quarter 2016 was $77 billion, 31% lower than the fourth quarter 2015.
For the full year, the company reported retail customer trading volume of $3.5 trillion, 8% lower than full year 2015. Volume from indirect sources was 39% of total retail volume in the fourth quarter 2016. Institutional customer trading volume for full year 2016 was $527 billion, 1% lower than full year 2015.
Global brokerage, Inc., formerly FXCM Inc. (FXCM), is engaged in providing online foreign exchange (FX) trading, contract for difference (CFD) trading, spread betting and related services. The Company owns over 50% 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). The Company focuses on providing global traders with access to market by offering trading tools, hiring trading educators. In addition, FXCM offers educational courses on FX trading and provides trading tools data and resources. FXCM Pro provides retail brokers, small hedge funds and market banks access to wholesale execution and liquidity, as well as providing high and medium frequency funds access to prime brokerage services through FXCM Prime.