LONDON, Jan. 17, 2012 /CNW/ - FxPro Financial Services Ltd ('FxPro'), an
award winning global forex broker today released the operational
metrics for its business for for 2011 and Q4 2011 specifically.
2011 was a record year for FxPro with volumes reaching $1.18 trillion up
11% from $1.07 trillion in 2010. This was the second consecutive year
of double digit growth.
In 2011, FxPro's business from Asia contributed 51.2% to total trading
volumes up from 43.8% in 2010. European trading volumes accounted for
33.6% down from 39.4% in 2010. Middle East and Africa contributed for
12%, with the remaining 3.2% coming from the rest of the world.
Revenue per million traded in 2011 was $71.4 slightly lower than 2010
during which FxPro registered $75 per million traded. Volume traded in
Q4 2011 was $298 billion, down by 1.32% from Q3 2011 and 17.79% higher
than the corresponding quarter in 2010.
After a Q3 characterised by very high volatility and exceptional trading
activity, Q4 saw a return to normal activity levels, which also
included the quiet holiday period in December.
The most traded currency pair was EUR/USD with accounted for 50% of
volumes, with GBP/USD representing only 17% and AUD/USD 8.8%. AUD/USD
continues to show increased activity in Q3 it only contributed 5% of
total volumes (an increase of 76%).
In Q4 clients from Asia continued to account for 50% of total volumes
traded, the same as Q3. European client contribution decreased from 34%
to 32% in Q4. Trading volumes from clients in the Middle East & Africa
and the rest of the world increased to 13% and 5% from 12% and 4%
At the end of Q4 FxPro had 18,337 tradable accounts up from 17,932 at
the end of Q3 2011.
Denis Sukhotin, Founder of FxPro, commented: "As a leading global forex
broker, FxPro had another record year in 2011. The scale of the
volatility in the market offered traders great opportunities but it was
more important than ever to provide them with all the tools and
resources they need to trade successfully. In 2011 we had a number of
new business initiatives, including our unique ECN solution - FxPro
cTrader - which allows direct market access, we expanded our operations
with the opening of an office in Sydney, Australia and we launched our
institutional services, aiming to service and support a number of
financial institutions in the forex market. In 2012 we will continue to
enhance our offering in order to achieve our goal of being the world's
preferred forex broker."
FxPro's operating metrics can be accessed at: http://www.fxpro.com/group/company/operating-metrics
Notes to Media
FxPro is an award-winning forex broker providing retail and
institutional offerings to clients in 150 countries. FxPro offers
trading access through a range of platforms including the innovative
ECN platform - FxPro 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
superior trading infrastructure.
With offices in the United Kingdom, Austria, Cyprus, France, Russia and
Spain, FxPro Financial Services Limited 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
In Australia, FxPro Australia Pty Ltd (ABN 68 143 740 603) is authorised
and regulated by the Australian Securities and Investment Commission
(ASIC), license number 405750. Registered address Suite 306, 15 Lime
Street, Sydney NSW 2000.
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 http://www.fxpro.com.
1. A tradeable account is an account that has sufficient funds to
execute a trade.
For further information:
Head of PR and Communications