FXCM October Single Share & Stock Baskets Report

Rhea-AI Summary

FXCM Group releases data for October 2023, highlighting the top traded instruments in Single Share CFD and Stock Basket categories. Tesla and Apple lead the individual stocks, while technology-themed baskets dominate the rankings. Tencent, Netflix, Google, and Meta also feature prominently among popular shares, driven by strong earnings. The report reflects a favorable market sentiment as investors anticipate a pause in the Federal Reserve's rate hikes. FXCM now offers 16 stock baskets, enhancing trading options for clients.

Positive

• Tesla and Apple retain their status as top traded shares, indicating strong investor interest.
• Technology stocks like Tencent, Netflix, Google, and Meta showed significant activity due to positive earnings reports.
• Introduction of 16 stock baskets provides diversified trading options for investors.

Negative

• None.

AMSTERDAM & BERLIN & LONDON & SYDNEY--(BUSINESS WIRE)-- FXCM Group, LLC (“FXCM Group’ or ‘FXCM’), the leading international provider of online foreign exchange trading, CFD trading and related services, is today releasing its data of most popular instruments for the month of October in its Single Share CFD and proprietary Stock Basket product lines.

FXCM offers fractional single share trading with no commission fees* on leading companies from the US, UK, France, Germany, the Netherlands, Hong Kong and Australia. FXCM’s stock basket products combine the shares of multiple companies from one sector into a single tradeable instrument. The company currently boasts a portfolio of 16 stock baskets. The list of companies and weightings is available on FXCM’s stock basket website (https://www.fxcm.com/uk/trading-baskets/stocks/)

October may be infamous for historic market crashes, but this year it was characterised by mostly solid earnings for the third quarter. The market has rallied in hope that the Federal Reserve may finally take a break from its series of aggressive rate hikes. As a result of strong tech earnings and market movements, both US and HK tech stocks climbed into the top 10 – Tencent, Netflix, Google, Meta and Alibaba. There was no change at the top however, where Tesla and Apple remained the most traded shares.

Stock baskets saw a similar trend. FXCM’s technology themed baskets dominated the top 10 with FAANG remaining at the top, followed by CHN.TECH and CHN.ECOMM, which surged back and joined the top three. US.BANKS is the only new comer into the top ten, at eighth spot. There were no significant changes at the bottom, where AIRLINES and CANNABIS complete the top ten.

Volume Rank	Monthly Rank Change	Company	Symbol
1	-	Tesla Inc	TSLA.us
2	↑1	Apple	AAPL.us
3	↑8	Tencent	TENC.hk
4	↑7	Netflix	NFLX.us
5	↑4	Amazon.com	AMZN.us
6	↑6	Alibaba (HK)	BABA.hk
7	↑6	Google	GOOG.us
8	↑3	META Platforms	META.us
9	↑5	DADA Nexus	DADA.us
10	↓4	Xpeng	XPEV.us

Volume Rank	Monthly Rank Change	Sector	Symbol
1	-	Big US Tech	FAANG
2	↑1	China Tech	CHN.TECH
3	↑3	China Ecommerce	CHN.ECOMM
4	↓2	Biotech	BIOTECH
5	↑2	Work From Home	WFH
6	↓1	Big China Tech	ATMX
7	↓3	Crypto Stocks	Cryptostock
8	↑4	US Banks	US.BANKS
9	↓1	Airlines	AIRLINES
10	-	Cannabis	CANNABIS

Past Performance and popularity is not an indicator of future results.

Rank is derived from FXCM Client Volume

*When executing customers' trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, charging commissions at the open and close of a trade, and adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.

ENDS

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.

Forex Capital Markets Limited: FCA registration number 217689 (www.fxcm.com/uk)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

71% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM EU LTD: CySEC license number 392/20 (www.fxcm.com/eu)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

77% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM Australia Pty. Limited: AFSL 309763. By trading, you could sustain a total loss of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved. If you decide to trade products offered by FXCM AU, you must read and understand the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business on www.fxcm.com/au.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221130005083/en/

Media contact:

Chatsworth Communications

+44 (0) 20 7440 9780

fxcm@chatsworthcommunications.com

Source: FXCM

FAQ

What were the most popular stocks traded by FXCM in October 2023?

The most popular stocks traded in October 2023 were Tesla (TSLA), Apple (AAPL), Tencent (TENC), Netflix (NFLX), and Google (GOOG).

What is the significance of FXCM's stock basket offerings?

FXCM's stock baskets consist of multiple companies from a sector, allowing for diversified investment without needing to trade shares individually.

How did DADA Nexus perform in October 2023?

DADA Nexus (DADA.us) ranked 9th among the most traded shares, showing increased trading volume compared to previous months.

What market trends affected FXCM's trades in October 2023?

Market trends included strong earnings in the tech sector and investor optimism regarding potential pauses in Federal Reserve rate hikes.

What sectors are included in FXCM’s stock baskets?

FXCM's stock baskets include sectors like technology, banking, and e-commerce, with specific baskets like FAANG and US.BANKS gaining popularity.