FXCM Falls 15% Following Release Of Trading Metrics

Shares of FXCM Inc FXCM plummeted by more than 14 percent Wednesday morning after the company released disappointing trading metrics.

FXCM reported its retail customer trading volume of $323 billion was 8 percent higher than November's volume, but 9 percent lower than December 2014's volume. The company added that total retail customer trading for the entire fourth quarter was $956 billion, 2 percent lower than the prior quarter and 16 percent lower than the same quarter a year ago.

On the other hand, FXCM reported that total retail customer trading volume for the full 2015 was $3.9 trillion, which was 10 percent higher versus 2014's level.

FXCM also noted that as of December 31, 2015, its total number of active accounts totaled 177,847 - marking a decrease of 1 percent from the end of November, but an increase of 8 percent from the end of December 2014.

Institutional Customer Metrics

FXCM further reporter that its institutional customer trading volume of $36 billion in December 2015 was 12 percent lower than November's level and 51 percent lower than December 2014's level. In addition, institutional customer trading volume for the fourth quarter of 2015 totaled $111 billion - 15 percent lower than the prior quarter's volume and 55 percent lower than the comparable quarter a year ago.

Finally, an average of 29,469 institutional client trades were made per day in December 2015, marking a decrease of 7 percent from November 2015's level but were 56 percent higher than December 2014's level.

Shares traded recently at $14.35, down 15.2 percent.