FXCM June volumes hold steady at $580 billion
FXCM June volumes hold steady at $580 billion explained by professional Forex trading experts the “FXCM June volumes hold steady at $580 billion” FX trading team.
FXCM June volumes hold steady at $580 billion
The good news from leading forex industry brokers just keep on coming…. Leading retail forex firm FXCM, the world’s largest online global FX broker (and a member of LeapRate’s Approved List of regulated FX brokerage firms), announced that June trading activity came in a total of $580 billion — $396 billion in FXCM’s retail business (up 1% from May), another all-time record for FXCM, and $184 billion in FXCM’s institutional FX business, down 4% from May.
FXCM’s total June volumes of $580 billion came in just short of May’s $581 billion record.
FXCM now has a lot of dry powder to grow even further, after FXCM raised $172 million in its first major notes offering, which closed last month. We expect a good portion of FXCM’s now-free bank lines to be targeted toward acquisitions, in the fast growing Asia Pacific region, Europe and elsewhere.
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