FXCM Monthly Trading Volumes Decline Slightly on a YoY Basis

FXCM has just released its monthly metrics for March, posting a slight decline in trading volumes both on a month-on-month and a year-on-year basis. The firm’s clients netted $210 billion in volumes, a figure which was 12 percent lower when compared to February 2018 and 7 percent lower when compared to March 2017. The figures include the retail and institutional client metrics.

The average daily trading volume was $9.5 billion in March 2018. The number was 21 percent lower than during February 2018 and by percent lower than March 2017. The total number of trades executed by clients was 374,947 per day last month. The number was also lower by 10 percent than in February 2018 and by 3 percent lower than in March 2017.

The number of active accounts was 110,895 as of March 31, 2018. The metric declined by 1,459, or 1 percent when compared to February 28, 2018, and was lower by 19,937, or 15 percent when compared to the end of March 2017.

The number of tradable accounts was 96,056 as of March 31, 2018, an increase of 1,255, or 1 percent from February 28, 2018, and a decrease of 13,024, or 12 percent, from March 31, 2017.

During the first quarter of 2018 FXCM’s clients traded a total of $699 billion. The number was up 20 percent when compared to the fourth quarter of 2017, and 3 percent higher than in the first quarter of 2017.