08.04.2013 23:30:00
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FXCM Reports Monthly Metrics
FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for March 2013 for its retail and institutional foreign exchange business.
Monthly activities included:
March 2013 Retail Trading Metrics
- Retail customer trading volume (1) of $319 billion in March 2013, 11% lower than February 2013 and 6% lower than March 2012. Volume from indirect sources was 47% of total retail volume (1) in the first quarter 2013. Retail customer trading volume (1) for the first quarter 2013 was $1.04 trillion, 17% higher than the fourth quarter 2012, and 5% higher than the first quarter 2012.
- Average retail customer trading volume(1) per day of $15.2 billion in March 2013, 15% lower than February 2013 and 2% lower than March 2012.
- An average of 422,126 retail client trades per day in March 2013, 8% lower than February 2013 and 7% higher than March 2012.
- Tradable accounts(2) of 195,629 as of March 31, 2013, an increase of 4,738 accounts, or 2% from February 2013, and a decrease of 4,503 accounts, or 2%, from March 2012.
March 2013 Institutional Trading Metrics
- Institutional customer trading volume (1) of $125 billion in March 2013, 5% lower than February 2013 and 22% lower than March 2012.
- Average institutional trading volume (1) per day of $6.0 billion in March 2013, 10% lower than February 2013 and 19% lower than March 2012.
- An average of 18,054 institutional client trades per day in March 2013, 1% higher than February 2013 and 31% lower than March 2012.
In the quarter ended March 31, 2013, Lucid met certain performance requirements enabling them to receive the second tranche of 1.2 million FXCM class A common shares pursuant to the purchase agreement related to FXCM’s acquisition of a 50.1% interest of Lucid in June 2012. While the purchase agreement does not require these shares to be issued to the Lucid sellers until June 18th, 2013, the 1.2 million shares will be included in the determination of FXCM’s fully diluted and proforma EPS for the quarter ended March 31, 2013 since the performance requirements were met during this period.
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, www.fxcm.com.
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of FXCM Inc. FXCM undertakes no obligation to publicly update or review previously reported operating data. Any updates to previously reported operating data will be reflected in the historical operating data that can be found on the Investor Relations page of the Company’s corporate web site, www.fxcm.com.
(1) Volume that FXCM customers traded in period translated into US dollars.
(2) An account that has sufficient funds to place a trade in accordance with FXCM trading policies.
Disclosure Regarding Forward-Looking Statements
In addition to historical information, this release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect FXCM Inc.’s current views with respect to, among other things, its operations and financial performance for the future. You can identify these forward-looking statements by the use of words such as "outlook,” "believes,” "expects,” "potential,” "continues,” "may,” "will,” "should,” "seeks,” "approximately,” "predicts,” "intends,” "plans,” "estimates,” "anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. FXCM Inc. believes these factors include but are not limited to evolving legal and regulatory requirements of the FX industry, the limited operating history of the FX industry, risks related to the protection of its proprietary technology, risks related to its dependence on FX market makers, market conditions and those other risks described under "Risk Factors” in FXCM Inc.’s Annual Report on Form 10-K and other SEC filings, which are accessible on the SEC website at sec.gov.
These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this presentation and in our SEC filings. FXCM Inc. undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
About FXCM Inc.
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
Trading foreign exchange and CFDs on margin carries a high level of risk, and may not be suitable for all. Read full disclaimer.
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