FXCM Reports Monthly Metrics
February 15 2017 - 5:30AM
FXCM Inc. (NASDAQ:FXCM) today announced
certain key customer trading metrics for January 2017 for its
retail and institutional foreign exchange business, excluding Forex
Capital Markets LLC, (“FXCM US”).
January 2017 Customer Trading Metrics from Continuing
Operations (excluding United States business because of imminent
accounts sale and business withdrawal)
Customer Trading Metrics
- Customer trading volume(1) of $253 billion in January
2017, 18% higher than December 2016 and 17% lower than January
2016.
- Average customer trading volume(1) per day of $12.0
billion in January 2017, 18% higher than December 2016 and 21%
lower than January 2016.
- An average of 488,917 client trades per day in January 2017,
15% higher than December 2016 and 18% lower than January 2016.
- Retail Active accounts(2) of 132,008 as of January
31, 2017, a decrease of 448, or 0.3%, from December 31, 2016,
and an increase of 1,281, or 1%, from January 31, 2016.
- Retail Tradeable accounts(3) of 106,206 as of January 31,
2017, an increase of 624, or 0.6% from December 31, 2016, and a
decrease of 2,887, or 3%, from January 31, 2016.
More information, including historical results for each of the
above metrics, can be found on the investor relations page of
FXCM's corporate website 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
website www.fxcm.com.
(1) Volume that FXCM customers traded in period is
translated into US dollars. (2) An Active Account represents
an account that has traded at least once in the previous twelve
months. (3) A Tradeable Account is an account with 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, Section 21E of the Securities Exchange
Act of 1934 and/or the Private Securities Litigation Reform Act of
1995, which reflect FXCM's current views with respect to, among
other things, its operations and financial performance in the
future. These forward-looking statements are not historical facts
and are based on current expectations, estimates and projections
about FXCM's industry, business plans, management's beliefs and
certain assumptions made by management, many of which, by their
nature, are inherently uncertain and beyond our control.
Accordingly, readers are cautioned that any such forward-looking
statements are not guarantees of future performance and are subject
to certain risks, uncertainties and assumptions that are difficult
to predict including, without limitation, risks associated with
FXCM’s plans to shut down its US subsidiary and a potential sale of
its US customer accounts, risks associated with FXCM’s strategy to
focus on its operations outside the United States, risks associated
with the events that took place in the currency markets on January
15, 2015 and their impact on FXCM's capital structure, risks
associated with FXCM's ability to recover all or a portion of any
capital losses, risks relating to the ability of FXCM to satisfy
the terms and conditions of or make payments pursuant to the terms
of the finance agreements with Leucadia, as well as risks
associated with FXCM’s obligations under its other financing
agreements, risks related to FXCM's dependence on FX market makers,
market conditions, risks associated with FXCM’s litigation with the
National Futures Association and the Commodity Futures Trading
Commission or any other potential litigation or regulatory
inquiries to which FXCM may become subject, risks associated with
potential reputational damage to FXCM resulting from FXCM’s plans
to shut down its US subsidiary, and those other risks described
under "Risk Factors" in FXCM Inc.'s Annual Report on Form 10-K,
FXCM Inc.'s latest Quarterly Report on Form 10-Q, and other reports
or documents FXCM files with, or furnishes to, the SEC from time to
time, which are accessible on the SEC website at sec.gov. This
information should also be read in conjunction with FXCM's
Consolidated Financial Statements and the Notes thereto contained
in FXCM's Annual Report on Form 10-K, FXCM Inc.'s latest Quarterly
Report on Form 10-Q, and in other reports or documents FXCM files
with, or furnishes to, the SEC from time to time, 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 release 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. (NASDAQ:FXCM) is a publicly traded company which
owns 50.1% of FXCM Group, LLC (FXCM Group).
FXCM Group is a holding company of Forex Capital Markets
LLC, (FXCM US), Forex Capital Markets Limited, inclusive of all EU
branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU), and all
affiliates of aforementioned firms, or other firms under the FXCM
group of companies [collectively "FXCM"]. FXCM Group is owned and
operated by FXCM Inc. (NASDAQ:FXCM) and Leucadia National
Corporation (NYSE:LUK). Leucadia National Corporation is a
multi-billion dollar diversified holding company engaged through
its consolidated subsidiaries in a variety of businesses.
FXCM is a leading provider of online foreign exchange (FX)
trading, CFD trading, spread betting and related services. The
company's mission is to provide global traders with access to the
world's largest and most liquid market by offering innovative
trading tools, hiring excellent trading educators, meeting strict
financial standards and striving for the best online trading
experience in the market. Clients have the advantage of mobile
trading, one-click order execution and trading from real-time
charts. In addition, FXCM offers educational courses on FX trading
and provides trading tools proprietary data and premium
resources. FXCM Pro provides retail brokers, small
hedge funds and emerging market banks access to wholesale execution
and liquidity, while providing high and medium frequency funds
access to prime brokerage services via FXCM Prime.
Trading foreign exchange and CFDs on margin carries a high level
of risk, which may result in losses that could exceed your
deposits, therefore may not be suitable for all investors. Read
full disclaimer.
Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications
jsales@fxcm.com
investorrelations@fxcm.com
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