FXCM Inc. (NYSE:FXCM) today announced certain key operating metrics for May 2015 for its retail and institutional Forex trading business. The retail segment bounced back in May, while institutional volumes continue to deteriorate from their positive trend which peaked in October 2014 as the company has now been forced to sell “non-core” assets in their bailout deal from Leucadia, which occurred in January after the Swiss franc spike aftermath.
On Wall Street the market has traded FXCM down Tuesday to $1.59 -0.07 (-4.50%). However, let’s see how the market reacts tomorrow to the positive retail volumes. After-hours trading is seeing the stock remain unchanged. It has been a tough year financially for the Forex provider giant as FXCM has lost over 90% of it’s market value YTD. Nearly all of the loss of value in the company at the moment is due to the debt caused by the Swiss National Bank removal of the EUR/CHF ceiling and resulting market crash.
For recent FXCM headlines as it’s bailout funding from Leucadia has been one of the biggest stories within the Forex sector this year check the following:
- FXCM Hong Kong to be sold to Rakuten Securities
- FXCM Japan phases out Tradency’s Mirror Trader
- FXCM takes over majority of FX accounts of CitiFX Pro
- FXCM 10-Q confirms Faros Trading sale done for nothing upfront plus %-of-profits – but why?
- FXCM targets repayment of Leucadia loan by end of 2015
May 2015 Customer Trading Metrics from Continuing Operations
- Retail customer trading volume of $331 billion in May 2015, 8% higher than April 2015 and 39% higher than May 2014.
- Average retail customer trading volume per day of $15.8 billion in May 2015, 14% higher than April 2015 and 46% higher than May 2014.
- An average of 520,282 retail client trades per day in May 2015, 2% higher than April 2015 and 65% higher than May 2014.
- Tradeable accounts of 188,484 as of May 31, 2015, an increase of 263 accounts from April 2015, and an increase of 29,583 accounts, or 19% from May 2014.
May 2015 Institutional Trading Metrics
- Institutional customer trading volume of $206 billion in May 2015, 6% lower than April 2015 and 11% higher than May 2014.
- Average institutional trading volume per day of $9.8 billion in May 2015, 2% lower than April 2015 and 17% higher than May 2014.
- An average of 38,394 institutional client trades per day in May 2015, 30% lower than April 2015 and 31% lower than May 2014.
More information, including historical results for each of the above metrics, can be found on the investor relations page of the company’s corporate web site.