FXCM Inc. (FXCM) Reports January 2011 Metrics
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FXCM Inc. (NYSE: FXCM) announced certain key operating metrics for January 2011 for its retail foreign exchange business. Monthly activities included:
Retail customer trading volume(1) of $258 billion in January 2011, 8% higher than December 2010(2) and 5% higher than January 2010; An average of 307,689 retail client trades per day in January 2011, 11% higher than December 2010(2) and 7% lower than January 2010; and Tradeable accounts(3) of 173,990 as of January 31, 2011, a decrease of 1,250 or 1% from December 2010(2), and an increase of 30,343 or 21% from January, 2010. As part of regular account maintenance, FXCM notified clients in January 2011 that it would charge a fee for accounts that had not placed a trade in over 12 months. The inactive fee will be assessed in February 2011. As a result, 3,221 previously inactive accounts closed in January. Excluding these closures, tradeable accounts would have increased by 1,971 or 1%.
Retail customer trading volume(1) of $258 billion in January 2011, 8% higher than December 2010(2) and 5% higher than January 2010; An average of 307,689 retail client trades per day in January 2011, 11% higher than December 2010(2) and 7% lower than January 2010; and Tradeable accounts(3) of 173,990 as of January 31, 2011, a decrease of 1,250 or 1% from December 2010(2), and an increase of 30,343 or 21% from January, 2010. As part of regular account maintenance, FXCM notified clients in January 2011 that it would charge a fee for accounts that had not placed a trade in over 12 months. The inactive fee will be assessed in February 2011. As a result, 3,221 previously inactive accounts closed in January. Excluding these closures, tradeable accounts would have increased by 1,971 or 1%.
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