FXCM August volumes remain weak
Leading retail FX firm FXCM, the world’s largest online FX broker, announced its August volumes, with retail volumes coming in at $271 billion for the month, and institutional at $50 billion — its lowest month for total volumes in nearly two years.
Comparatively, retail volumes were down 6% and institutional volumes were down 17% as compared with July, but the “real” comparison demonstrating slowing volumes is with last year — compared to last August retail is down 26% and institutional 58%.
The good news, however, is that we believe September volumes will be better on both counts at FXCM, and in the industry at large, as much of the money sitting on the sidelines over the summer months has come back into the market. Volatility has risen considerably in September, especially in the key EURUSD currency pair.
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FXCM August volumes remain weak Conclusion
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