FXCM reports leap in eSports and Tech stock basket trading in July
Retail FX and CFDs broker FXCM Group has releasing volume increase numbers for the month of July in its proprietary stock basket product line.
The data indicates that FXCM saw record monthly volume in four of its six stock baskets last month. Not surprisingly, the sectors showing the greatest volume growth – eSports/Gaming and US Tech – have also been among the best performing equity market sectors in recent months.
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.
As noted above, FXCM currently offers six stock 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/.
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.
The data for July stock baskets trading at FXCM follows:
| Sector | Symbol | YTD Price Change (1) | Monthly Change in FXCM Volume (2) |
| Esports & Gaming | ESPORTS | +52.76% | +262% |
| Big US Tech | FAANG | +39.95% | +133% |
| Biotech | BIOTECH | +5.07% | +108% |
| Chinese E-Commerce | CHN.ECOMM | +44.26% | +36% |
| Chinese Tech | CHN.TECH | +25.79% | -50% |
| eMini Dow Futures | US30 | -3.83% | — |
(1) Year-to-date (YTD) figures calculated using FXCM’s closing bid price from 2 January 2020 through 10 August 2020.
(2) Percent change month-over-month (July 2020 vs. June 2020) from customers trading stock baskets.
