FXCM Introduces Historical Forex Spreads Data
NEW YORK, Sept. 14, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM), a leading online provider of forex trading, Contract for Difference (CFD), and related services, released historical data on the lowest average spreads for the most popular currency pairs, exclusively on Standard and Active Trader accounts, featuring No Dealing Desk Execution.
Traders now have access to the 2015 Historical Spreads Report, and the FXCM Historical Data Downloader that allows clients to import historical prices from FXCM servers and back-test strategies with up to 10 years of data.
2015 Forex Spreads Highlights
- In 2015, the average EUR/USD spread for Standard Accounts with No Dealing Desk execution was 0.3 pips during peak hours: 1 am to 1 pm EST
- Seventy five percent of EUR/USD volume occurred during peak hours
- The average cost to trade EUR/USD (assuming a 1K trade) was only 11¢
SPREAD* | TOTAL TIME SPREAD < 0.1 |
TOTAL TRADING COST* | |||||||||
PEAK | NON-PEAK | PEAK | NON-PEAK | ||||||||
EUR/USD | 0.3 | 0.6 | 8.32 | % | $ | 0.11 | $ | 0.14 | |||
USD/JPY | 0.3 | 0.5 | 10.39 | % | $ | 0.11 | $ | 0.13 | |||
GBP/USD | 0.5 | 1 | 2.75 | % | $ | 0.13 | $ | 0.18 | |||
AUD/USD | 0.3 | 0.7 | 5.11 | % | $ | 0.11 | $ | 0.15 |
Read the 2015 Highlights and Full Report: https://www.fxcm.com/advantages/forex-execution/historical-spreads/
*Peak Trading hours defined as 6 am to 6 pm GMT from 1 January 2015 to 31 December 2015, excluding weekends
*Non-Peak Trading hours defined as 6 pm to 6 am GMT from 1 January 2015 to 31 December 2015, excluding weekends
Furthermore, algorithmic and high-frequency traders also have access to FXCM’s API technology solutions suite – FIX, Java, ForexConnect, and Indicore – to connect their trading software directly to FXCM’s price and order servers.
For more information on FXCM’s historical spreads, and to open a demo or live account, traders can contact an FXCM specialist at info@fxcm.com or call 1-212-897-7660.
Visit www.fxcm.com and follow us on Twitter @FXCM, Facebook FXCM, Google+ FXCM or YouTube FXCM.
About Us:
FXCM Inc. (NYSE:FXCM) is a publicly traded company which owns 50.1% of FXCM Group, LLC (FXCM Group).
FXCM Group is a holding company of Forex Capital Markets LLC, (FXCM US), Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU), and all affiliates of aforementioned firms, or other firms under the FXCM group of companies [collectively "FXCM"]. FXCM Group is owned and operated by FXCM Inc. (NYSE:FXCM) and Leucadia National Corporation (NYSE:LUK). Leucadia National Corporation is a multi-billion dollar diversified holding company engaged through its consolidated subsidiaries in a variety of businesses.
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. The company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime.
Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.
Contacts Jaclyn Sales, 646-432-2463 Vice-President, Corporate Communications and Investor Relations jsales@fxcm.com
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