Retail FX broker FXCM has announced that its volumes in June were down by 5% month-over-month, $202 billion versus $212 billion in May.
We are expecting a (quiet) rebranding of FXCM in the coming weeks. FXCM incorporated the name of its parent company Leucadia into its logo a few months back. However Leucadia recently renamed itself Jefferies Financial Group, reflecting its largest subsidiary, and as such we expect a new logo from FXCM in the near future.
Back to FXCM’s June volume metrics…
- Customer trading volume of $202 billion in June 2018, 5% lower than May 2018 and 9% lower than June 2017.
- Average customer trading volume per day of $9.6 billion in June 2018, 4% higher than May 2018 and 5% lower than June 2017.
- An average of 344,195 client trades per day in June 2018, 1% lower than May 2018 and 1% higher than June 2017.
- Active accounts of 109,225 as of June 30, 2018, a decrease of 1,074, or 1%, from May 31, 2018, and a decrease of 16,060, or 13%, from June 30, 2017.
- Tradeable accounts of 95,101 as of June 30, 2018, a decrease of 538, or 0.6%, from May 31, 2018, and a decrease of 14,728, or 13%, from June 30, 2017.
- Customer trading volume for the second quarter 2018 was $598 billion, 14% lower than the first quarter 2018, and 2% lower than the second quarter 2017.