FXCM Reports Increase in ADVs for June

FXCM (NYSE:FXCM) has reported its trading metrics for the month ending June 2015, which showed an upbeat overall picture when weighed against monthly and yearly timeframes, according to an FXCM statement.

Just last month, FXCM’s May 2015 volumes rebounded to $331 billion – more specifically, the broker showed an average daily volume (ADV) jump for retail clients, having increased sharply by 14%.

Retail Shines

Fast forward to June 2015 however, and retail customer trading volume at FXCM came in at $363 billion for the month, constituting a jump of 9.7% MoM from $331 billion May 2015 – across a yearly timetable, the latest figures also soared 43% YoY from June 2014.

In addition, FXCM’s volumes during June 2015 from indirect sources yielded 42% of total retail volume in Q2 2015. As such, retail customer trading volume for Q2 quarter 2015 was $1 trillion, underscoring a 7% growth QoQ from Q1 2015, and a 40% higher performance YoY from Q2 2014.

The ADV for retail customer trading also rose to $16.5 billion in June 2015, 4% higher MoM from $15.8 billion in May 2015 and 36% higher YoY against June 2014. Finally, FXCM executed an average of 563,829 retail client trades per day in June 2015, good for an 8% boost MoM from May 2015 and a 61% higher performance YoY from June 2014.

Perhaps more notably however, FXCM’s tradeable accounts came in at 188,369 as of June 30, 2015, which corresponded to a decrease of 115 accounts, or -0.1% from May 2015, as well as a decrease of 19,996 accounts, or -10% YoY from June 2014. The decrease in accounts can be chalked up to FXCM's recent sale of its Japanese and Hong Kong subsidiaries, as reported by Finance Magnates earlier this year.

Institutional Focus

In terms of FXCM’s institutional customer trading volume, June 2015 saw a total of $227 billion, or 10% higher MoM from May 2015, as well as a tepid 0.4% YoY growth versus June 2014. Institutional ADV came in at $10.3 billion during the month ending June 2015, notching a 5% MoM growth from May 2015, offset by a -5% drop YoY from June 2014.

Ahead of the US open Wednesday, FXCM (NYSE:FXCM) is trading at $1.40, up 1.45% in premarket trading on the volumes report - the stock currently is treading water above a 52-week low of $1.22.