FXCM’s Trading Volumes Hit New Yearly Lows in April 2018

Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and CFDs brokerage FXCM Group has just reported its operating statistics for the month ending April 2018, which were unable to match the metrics of March, ultimately showing a renewed decline month-over-month.

During April 2018, FXCM’s monthly volumes came in at $184 billion, falling by a margin of 12 percent month-over-month from $210 billion in March 2018. Additionally, the latest figure is the worst in 2018, totaling a nearly 26.0 percent drop from the year’s peak set earlier in January at $250 billion.

The retail figures for last month, however, were higher year-over-year, correlating to an increase of 4.5 percent relative to $176 billion in April 2017.

FXCM’s average daily volume (ADV) for retail customer trading during April 2018 was also pointed lower to $8.7 billion, down 8.0 percent month-over-month from $9.5 billion in March 2018, and incurred a loss of 1 percent year-over-year against $8.8 billion in April 2017.

FXCM’s retail traders executed an average of 340,354 retail client trades per day in April 2018, shedding 9.0 percent month-over-month from 374,947 client trades in March 2018. This was also lower by 2 percent year-on-year from 347,500 trades in 2017.

Meanwhile, FXCM’s active accounts saw another fall across the monthly interval, reporting 110,434 as of April 30, 2018, a decrease of 461, or 0.4 percent from 110,895 the month prior. In addition, the figure reflects a notable drop year-over-year and was lower by 18,932, or 15 percent relative to the same date a year back.