LONDON, March 25, 2021 (GLOBE NEWSWIRE) -- FXCM Group, LLC (“FXCM Group’ or ‘FXCM’), the leading international provider of online foreign exchange trading, CFD trading and related services, is today releasing the volume increases for the month of February 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. The company currently boosts a portfolio of thirteen stock baskets.
For the 1st time since August 2020 FAANG was not the most popular traded stock basket at FXCM, as the February rise and fall of the Cannabis sector, caught the attention of FXCM traders. While Cannabis finished the month with only a modest 5% gain, at one stage mid-month the price had exceeded $6000 from its starting point of $3998.
On the back of a difficult 2020, the Travel & Hospitality, Airlines and Casino sectors saw the biggest trading gains in a month that saw total FXCM basket volume rise by approximately 13% from January.
The list of companies and weightings is available on FXCM’s stock basket website (https://www.fxcm.com/uk/stock-baskets/)
| Volume Rank | Sector | Symbol | Feb Price Change1 | Monthly Change in FXCM Volume2 |
| 1 | Cannabis | CANNABIS | 4.97% | 400% |
| 2 | Chinese Tech | CHN.TECH | 9.76% | 93% |
| 3 | Big US Tech | FAANG | -0.93% | -58% |
| 4 | Chinese E-Commerce | CHN.ECOMM | 3.51% | 3% |
| 5 | Airlines | AIRLINES | 28.15% | 63% |
| 6 | Biotech | BIOTECH | -2.84% | -71% |
| 7 | Casinos | CASINOS | 27.96% | 254% |
| 8 | US-Ecommerce | US.ECOMM | 5.00% | -11% |
| 9 | Esports & Gaming | ESPORTS | 2.58% | -44% |
| 10 | Travel and Hospitality | TRAVEL | 34.20% | 25% |
| 11 | US Banks | US.BANKS | 16.39% | -6% |
| 12 | Work From Home | WFH | -3.76% | 217% |
| 13 | US Automotive | US.AUTO | -3.73% | 125% |
Past Performance is not an indicator of future results.
1 Price change figures are calculated using FXCM’s opening bid price from 1 February 2021 and the closing price from 26 January 2021.
2 Percent change month-over-month (January 2021 vs February 2021) is derived from FXCM client volume data.
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.
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