LONDON, SYDNEY, Australia and JOHANNESBURG, South Africa, Sept. 23, 2020 (GLOBE NEWSWIRE) -- FXCM Group, LLC (“FXCM Group’ or ‘FXCM’), the leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services, is today releasing the volume increases for the month of August in its proprietary stock basket product line.
FXCM’s stock basket products combine the shares of multiple companies from one sector into a single tradeable instrument. This allows customers to speculate on sectors as a whole instead of having to select a single company.
FXCM currently offers 6 baskets to its retail clients: Big US Tech (“FAANG”), Esports & Gaming (“ESPORTS”), Biotech, Cannabis, China Tech (“CHN.TECH”) and China E-commerce (“CHN.ECOMM”). The list of companies and weightings is available on FXCM’s stock basket website (https://www.fxcm.com/markets/stock-baskets/)
The company is proud to report record monthly trading volume on the product line in August 2020, up 4.62% from July 2020.
While total volume was relatively consistent to the month before, the popularity of the baskets changed as traders reacted to the August actions taken by the US administration against Chinese companies. This resulted in CHN.ECOMM volume eclipsing FAANG as the most traded basket in August. Both baskets have seen growth of well above 50% YTD.
| Month | Monthly Stock Basket Volume Change1 | |
| May 2020 | +125.86% | |
| June 2020 | +27.86% | |
| July 2020 | +91.27% | |
| August 2020 | +4.62% | |
1 Percent change month-over-month of volume from FXCM customers on all 6 stock baskets.
| Sector | Symbol | YTD Price Change1 | Monthly Price Change2 | ||
| Big US Tech | FAANG | +59.25% | 28.40% | ||
| Biotech | BIOTECH | +8.03% | 2.39% | ||
| Chinese E-Commerce | CHN.ECOMM | +71.69% | 8.06% | ||
| Cannabis | CANNABIS | +13.35% | -5.77% | ||
| Chinese Tech | CHN.TECH | +47.40% | 6.19% | ||
| Esports & Gaming | ESPORTS | +70.39% | 12.55% | ||
Past Performance is not an indicator of future results.
1 Year-to-date (YTD) figures calculated using FXCM’s opening and closing bid price from 2 January 2020 through 31 August 2020. Cannabis YTD figures are from 4 May 2020 through 31 August 2020, as the basket was rebalanced with a new stock in May 2020.
2 Monthly figures are calculated using FXCM’s opening and closing bid prices from 2 August 2020 through 31 August 2020.
About FXCM:
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, 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 trading tools, proprietary data and premium resources. 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. FXCM is a Leucadia Company.
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. Retail clients who maintain account(s) with Forex Capital Markets Limited ("FXCM LTD"), could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds but professional clients and eligible counterparty clients could sustain losses in excess of deposits. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Pty. Limited, FXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the "FXCM Group"], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. Our FX and CFD prices are set by us, are not made on an Exchange and are not governed under the Financial Advisory and Intermediary Services Act. The FXCM Group may provide general commentary, which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action.
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