FXCM Reports Monthly Metrics, Retail Volume Down 9% YoY, Institutional Volume 60% Higher YoY

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FXCM Inc.
FXCM
today announced certain key operating metrics for March 2014 for its retail and institutional foreign exchange business. Monthly activities included: March 2014 Retail Trading Metrics Retail customer trading volume (1) of $290 billion in March 2014, 5% lower than February 2014 and 9% lower than March 2013. Volume from indirect sources was 46% of total retail volume (1) in the first quarter 2014. Retail customer trading volume (1) for the first quarter 2014 was $937 billion, 5% higher than the fourth quarter 2013, and 10% lower than the first quarter 2013. Average retail customer trading volume (1) per day of $13.8 billion in March 2014, 9% lower than February 2014 and 9% lower than March 2013. An average of 428,138 retail client trades per day in March 2014, 7% higher than February 2014 and 1% higher than March 2013. Tradable accounts (2) of 189,263 as of March 31, 2014, a decrease of 1,459 accounts, or 1% from February 2014, and a decrease of 6,366 accounts, or 3%, from March 2013. March 2014 Institutional Trading Metrics Institutional customer trading volume (1) of $200 billion in March 2014, 23% higher than February 2014 and 60% higher than March 2013. Average institutional trading volume (1) per day of $9.5 billion in March 2014, 17% higher than February 2014 and 58% higher than March 2013. An average of 37,647 institutional client trades per day in March 2014, 7% higher than February 2014 and 109% higher than March 2013. In the quarter ended March 31, 2014, Lucid met certain performance requirements enabling them to receive the third tranche of 3 million FXCM class A common shares pursuant to the purchase agreement related to FXCM's acquisition of a 50.1% interest of Lucid in June 2012. While the purchase agreement does not require these shares to be issued to the Lucid sellers until June 18th, 2014, the 3 million shares will be included in the determination of FXCM's fully diluted and proforma EPS for the quarter ended March 31, 2014 since the performance requirements were met during this period. More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company's corporate web site, 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 web site, www.fxcm.com. (1) Volume that FXCM customers traded in period translated into US dollars. (2) An account that has sufficient funds to place a trade in accordance with FXCM trading policies.
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