FXCM and Eurex Registers Growth in Trading Volume in May 2018 After a Brief Pause - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.


FXCM and Eurex Registers Growth in Trading Volume in May 2018 After a Brief Pause

June 8, 2018


Continuing the show of strong volume growth across brokerages in May 2018, the UK-based FXCM Group LLC, the leading international provider of online forex, CFD and spread betting has reported a significant increase in its total trading volume. The growth in trading volume was achieved from a roughly same number of active accounts during the month.

During the month, the brokerage group has a total trade volume of $212 billion, an increase of 15 percent month-on-month from $184 billion in April 2018, but is 0.5 percent lower compared to May 2017 volumes. The group also reported an average daily trading volume of $9.2 billion in May 2018, which is 6 percent higher than April 2018, operational metrics but 1 percent lower than My 2017.

The active trade accounts in May 2018, stood at 110,299, a decrease of 135 accounts from April 2018 and decrease of 17,493 or 14 percent from May 2017 figures, signifying more trades were done by clients.

FXCM has gone through a lot of restructuring processes in recent times, with selling its non-core operations and rebranding its businesses. It parent Leucadia, recently renamed itself Jefferies Financial Group.


Deutsche Börse, a marketplace for trading shares and other related securities has announced that in May, Eurex’s Italian BTP segment has recorded sharp growth in volumed triggered by the formation of a new government that increased market volatility. Eurex offers the full range of Exchange Traded Derivatives (ETD), in both futures and options, to hedge exposures in the Italian bond market.

Lee Bartholomew, Head of Fixed Income & FX Product Research and Development at Eurex
Lee Bartholomew, Head of Fixed Income & FX Product Research and Development at Eurex

During the month, the traded volume doubled year-on-year reaching 7 million, an increase of 126 percent, while open interest stood at 0.7 million at the month-end (an increase of 0.2 percent YoY). The interest rate segment registered growth of 45 percent year-on-year. The overall volume at Eurex reported 13 percent growth to 184 million traded contracts from 163.4 million traded contracts in May 2017.

Lee Bartholomew, Head of Fixed Income & FX Product Research and Development at Eurex said:

“What is encouraging is the volume increase in BTP both in futures and options. Having this breadth of product coverage has allowed investors to hedge and position their portfolios accordingly. All this wouldn’t have been possible without the support of our members, who have provided liquidity in choppy markets.”

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