FXCM Inc. Reports Operating Results for the Month of December 2012
January 16, 2013 at 03:00 am IST
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FXCM Inc. reported operating results for the month of December 2012. For the month, the company announced operating metrics for its retail and institutional foreign exchange business. The company reported retail customer trading volume of $257 billion in December 2012, 16% lower than November 2012 and 11% lower than December 2011. Volume from indirect sources was 47% of total retail volume in the fourth quarter 2012. Average retail customer trading volume per day of $13.5 billion in December 2012, 3% lower than November 2012 and 3% higher than December
2011. An average of 409,875 retail client trades per day in December 2012, 16% higher than November 2012 and 15% higher than December 2011. Tradeable accounts of 190,217 as of December 31, 2012, a decrease of 13,278, or 7% from November 30, 2012, and a decrease of 4,389, or 2%, from December 31, 2011. Institutional customer trading volume of $80 billion in December 2012, 11% lower than November 2012 and 23% lower than December 2011. Average institutional trading volume per day of $4.2 billion in December 2012, 3% higher than November 2012 and 11% lower than December 2011. An average of 11,313 institutional client trades per day in December 2012 15% higher than November 2012 and 35% lower than December 2011.
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.