FXCM Monthly Report, June 2011

FXCM Inc. announced, last week, certain key operating metrics for June 2011. The report included details regarding its Forex and retail operations.

June 2011

Retail Trading Metrics:

FXCM reported that had a retail customer trading volume of $317 billion in June 2011 which is 3% lower than in May 2011, and 10% higher than June 2010. Its retail customer trading volume for the Q2 2011 was $938 billion. That is the highest in FXCM history and is 14% higher than it was in Q1 2011. Further, FXCM reported that volume from referring brokers and white labels was 57% of total retail trading volume in the Q2 2011.

It also reported that its average retail customer trading volume per day was $14.4 billion in June 2011; making it 3% lower than in May 2011 and 10% higher than June 2010. An average of 363,557 retail client trades per day in June 2011 was reported; meaning there was no significant change from May 2011 and 13% higher than June 2010. The 171,138 tradeable accounts as of June 2011, marks an increase of 3,294, or 2%, from May 2011, and an increase of 5,851, or 4%, from June 2010.

Institutional Trading Metrics

The institutional customer trading volume of $72 billion in June 2011 is 10% lower than it was in May 2011 and is 8% higher than it was in June 2010. Institutional volume for the Q2 2011 was $214 billion, the second highest in FXCM history and 2% lower than the record Q1 2011. The average daily institutional trading volume of $3.3 billion in June 2011 is 10% lower than it was in May 2011 yet it is 8% higher than it was in June 2010.
FXCM also reported an average of 7,263 institutional client trades per day in June 2011; 16% lower than the number of institutional client trades per day it reported in May 2011 but a remarkable 100% higher than June 2010.

Drew Niv, President and CEO of FXCM said, “I am pleased to see our strategy producing solid results in our operating metrics.”  He continued, “We believe we are well positioned to continue to capitalize on growing interest in foreign exchange and FXCM’s agency model, which we believe differentiates us from our competition.”