FXCM's forex trades reach $720 billion

- By FX Markets Staff
- @FXMarkets_
- 01 Sep 2008

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This latest milestone surpasses FXCM's previous record high of $560 billion, achieved in August 2007, by approximately 29%. The record figure covers all notional trades on FXCM's platforms, including white-label partnership platforms such as Deutsche Bank's dbfx. According to FXCM, however, the spike in trades was mainly driven by the company's direct online retail clients.

"The vast bulk of the trades came from clients on our standard and mini accounts," said Brendan Callan, managing director of

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