FXCM reports 600%+ growth in Chinese stock basket volumes

Source: FNG Gerald Segal 2020-06-12

Retail FX and CFDs broker FXCM has released a series of volume figures for the month of May 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 baskets were released to customers on its Australian and South African entities in mid-May.

FXCM currently offers six 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 at fxcm.com/markets/stock-baskets/.

FXCM saw more than a 6x increase in trading volumes of two separate Chinese stock baskets during May, while Esports and Gaming volumes leapt by 78%.

This announcement follows closely behind FXCM’s initial launch of its Share CFD offering, with the broker expected to launch trading on more individual companies and stock baskets later this year.

FXCM is a unit of Jefferies Financial Group.

Sector	Symbol	YTD Change1	Monthly Volume Change2
Chinese E-Commerce	CHN.ECOMM	+29%	+653%
Chinese Tech	CHN.TECH	+11%	+621%
Esports & Gaming	ESPORTS	+24%	+78%
Biotech	BIOTECH	+7%	+49%
Big US Tech	FAANG	+21%	-18%
eMini Dow Futures	US30	-7%	—

Past Performance is not an indicator of future results.

1 Year-to-date (YTD) figures calculated using FXCM’s closing bid price from 2 January 2020 through 10 June 2020.

2 Percent change month-over-month (May 2020 vs. April 2020) from customers trading stock baskets.

FXCM

CFD

FXCM reports 600%+ growth in Chinese stock basket volumes

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