After seeing a reasonably sluggish begin to the autumn buying and selling season, retail foreign exchange dealer FXCM has posted pretty robust FX buying and selling quantity metrics for November.
FXCM volumes have been $218 billion in November, up 14% from $192 billion in October.
Common buyer buying and selling quantity per day of $9.9 billion in November was additionally 14% larger than $eight.7 billion in October.
FXCM averaged 336,465 consumer trades per day in November 2017, 11% larger than October’s 304,032. Lively accounts of 118,449 in November have been truly 2% decrease than October’s 121,319.
FXCM achieved its good November quantity ranges regardless of the noise surrounding the corporate, as World Brokerage Inc (NASDAQ:GLBR) – which owns 50% of FXCM – filed for a Chapter 11 bankruptcy reorganization.