09/20/07 Notional trading volume for all entities trading on FXCM's trading platforms was over US $500 billion. This was the highest monthly trading volume recorded in the history of FXCM since its inception in 1999.
The firm attributes the new record to three factors: market volatility, the increasing popularity of forex trading, and the firm's switch to No Dealing Desk execution. In the second quarter of 2007, FXCM completed the transition to No Dealing Desk execution. Multiple global banks provide FXCM with some of the best prices which FXCM in turn is able to pass on to its clients via FXCM's trading platform. As a result of No Dealing Desk execution, FXCM has experienced tremendous client growth over the last several months.
Drew Niv CEO of FXCM commented "the forex market is fast growing; FXCM expects more records to be broken as the market volatility returns in the fourth quarter." Niv continued to say "FXCM has recently implemented fractional pip pricing which has the potential to change the industry once more."
<< Back |
FXCM Awards
Best Web Site
