FxPro Announces Third Quarter Operating MetricsBy Fxpro, PRNE
Wednesday, October 12, 2011
LONDON, October 13, 2011 -
FxPro Financial Ltd (FxPro) a leading global forex broker today announced its operating metrics for the third quarter of 2011.
Volume traded for Q3 2011 was $302 billion, up by 3.4% over Q2 2011 and 32.5% higher than the corresponding quarter in 2010. Volume in Q3 2011 was the highest since Q1 2009 with the exception of the second quarter of 2010 which was characterised by highly increased volatility in May 2010.
The most-traded currency pair was EURUSD with a 53% contribution to volume with GBPUSD representing only 17% and AUDUSD 5%.
Trading from clients in Asia increased slightly to 50% of total volume up from 49% in Q2 with European client volume reducing slightly to 34% in Q3 from 35% in Q2. Both regions remain significant as they contribute 85% of total volume traded.
Revenue per $million increased to $90.3 registering an increase of 12.7% from Q2 2011 and 4.6% lower than the corresponding quarter in 2010.
At the end of Q3 2011 FxPro had 17,932 tradable accounts and 14,639 active accounts up from 14,574 at the end of Q2 2011.
FxPro operating metrics can be found at: www.fxpro.com/group/company/operating-metrics
Notes to Media
1 A tradeable account is an account that has sufficient funds to execute a trade.
2 An active account is an account that has executed at least one trade in the last three months.
FxPro Financial Services Limited (FxPro) is an award-winning global forex broker. Providing both institutional and retail offerings to clients in more than 150 countries it offers advanced trading facilities through a full range of platforms that includes MT4 and an innovative new ECN platform - cTrader - supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred forex broker and it has become the first choice for forex traders needing user-friendly market access and a superior trading infrastructure and support.
With offices in the UK, France, Spain, Austria, Russia and Cyprus, FxPro is authorised and regulated by the Cyprus Securities and Exchange Commission, under licence number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).
FxPro UK Limited is authorised and regulated in the United Kingdom by the Financial Services Authority (FSA), registration number 509956. Registered address 13/14 Basinghall Street, London, EC2V 5BQ.
For further information, please visit www.fxpro.com.
For further information, please contact:
Head of PR and Communications
Tags: Fxpro, London, October 13, United Kingdom