NEW YORK, Oct. 11, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NASDAQ:FXCM) today announced certain key customer trading metrics for September 2016 for its retail and institutional foreign exchange business.
September 2016 Customer Trading Metrics from Continuing Operations (1)
Retail Customer Trading Metrics
Retail Tradeable Accounts declined 11% which was mainly driven by the accounts removed due to the dormancy fee charged to clients on September 30, 2016. If dormancy fees were not charged, Tradeable accounts would have decreased by 1,068 accounts or 0.6% in September 30, 2016 when compared to August 31, 2016.
Institutional Customer Trading Metrics
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) Customer Trading Metrics from Continuing Operations excludes discontinued operations of FXCM Japan and FXCM Hong Kong.
(2) Volume that FXCM customers traded in period is translated into US dollars.
(3) An Active Account represents an account that has traded at least once in the previous twelve months.
(4) A Tradeable Account is an account with sufficient funds to place a trade in accordance with FXCM trading policies.
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.
Disclosure Regarding Forward-Looking Statements
In addition to historical information, this release may contain "forward-looking statements" within the meaning of the safe harbor provisions of Section 27A of the Securities Act 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 in the future. Forward-looking statements include statements about future results and performance, including future market share and expected financial results. It is possible that actual results may differ materially from the anticipated results indicated in these forward-looking statements. Please refer to FXCM Inc.'s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other reports or documents FXCM Inc. files with, or furnishes to, the SEC from time to time, for a discussion of important factors that could cause actual results to differ materially from those projected in these forward-looking statements.
Contacts Jaclyn Sales, 646-432-2463 Vice-President, Corporate Communications and Investor Relations firstname.lastname@example.org