New York, NY, September 18, 2007 --(PR.com
)-- Notional trading volume for all entities trading on FXCM’s FX Trading Station was over US $560 billion. This was the highest monthly trading volume recorded in the history of FXCM since its inception in 1999. (www.fxcm.com)
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 forth quarter.” Niv continued to say “FXCM has recently implemented fractional pip pricing which has the potential to change the industry once more.”
· Forex Capital Markets LLC is the Largest Forex Dealer Member*
· More than 90,000 live accounts are traded on the FXCM trading platform
· Over $200 billion in notional volume is traded each month on the FXCM trading platform
· FXCM provides customer support with native speakers in more than a dozen languages in 6 offices around the world
Registered with the CFTC as a Futures Commission Merchant, FXCM (Forex Capital Markets LLC) has received numerous awards from the investment community, including Best Currency Broker from Shares, Best Retail Foreign Exchange Platform from FX Week and Best Foreign Exchange Specialist from Technical Analysis of Stocks & Commodities. In addition to currency trading, FXCM offers educational courses on forex trading, and provides research through DailyFX.com.
*As of September 2006, FXCM held in excess of $215 million in customer funds out of a total of over $770 million held by Forex Dealer Members. While there are approximately 31 active Forex Dealer Members with liabilities to customers of approximately $795 million, FXCM holds approximately 1 out of every 3 dollars of customer funds held by Forex Dealer Members.
Leveraged foreign exchange trading carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
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