FXCM September Single Share & Stock Baskets Report

Rhea-AI Summary

FXCM Group has released its September trading data, revealing significant trading activity in Single Share CFDs and Stock Basket products.

Tesla leads the trading volume, followed by Pinduoduo (PDD) and Apple. Chinese EV companies like Nio and Xpeng remain popular, indicating strong interest in this sector.

In Stock Baskets, FAANG stocks dominate, with Biotech and China Tech showing increased interest. However, the Crypto Stock Basket fell out of the top three for the first time since April, reflecting changing trader sentiment amidst high volatility.

Positive

• Pinduoduo (PDD) remains among the top three traded stocks in September, indicating strong market interest.
• Stock baskets are gaining traction, particularly with sectors like Biotech and China Tech seeing increased activity.

Negative

• The Crypto Stock Basket dropped out of the top three for the first time since April, suggesting a decline in trader interest.

LONDON--(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 September 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/stock-baskets/)

Rising inflation and the Fed’s aggressive series of interest rate hikes made September one of the most volatile months for stock markets since the pandemic. Tesla remained the most traded stock, followed by Pinduoduo, a Chinese ecommerce platform, which rejoined the top three alongside Apple. Chinese EV companies have been consistently among the top traded stocks this year including Nio and Xpeng which ranked fifth and sixth in September. Meituan, another Chinese ecommerce giant caught traders’ attention again and joined the top ten, just below Amazon and Boeing.

Stock baskets saw a similar trend in September. FAANG continues to lead the way , followed by Biotech, which surged back and joined the top three along with China Tech. On the back of a relatively stable month for cryptocurrencies, firms interest waned slightly in the Crypto Stock Basket which dropped out of the top three for the first time since April.

Volume Rank	Monthly Rank Change	Company	Symbol
1	-	Tesla Inc	TSLA.us
2	↑5	Pinduoduo Inc	PDD.us
3	↓1	Apple	AAPL.us
4	↑1	Bilibili	BILI.us
5	↓2	Nio Inc	NIO.us
6	-	Xpeng Inc (US)	XPEV.us
7	↓3	Alibaba (US)	BABA.us
8	↑3	Boeing Co.	BA.us
9	↑5	Amazon.com	AMZN.us
10	↑30	Meituan	MEIT.hk

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

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

Rank is derived from FXCM Client Volume

*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.

69% 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.

FXCM South Africa (PTY) Ltd: FSP No 46534 (www.fxcm.com/za). Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221027005018/en/

Chatsworth Communications

+44 (0) 20 7440 9780

fxcm@chatsworthcommunications.com

Source: FXCM

FAQ

What were the top traded stocks in September 2023 for FXCM?

In September 2023, the top traded stocks were Tesla, Pinduoduo (PDD), and Apple.

How did Pinduoduo (PDD) perform in terms of trading volume?

Pinduoduo (PDD) ranked second among the most traded stocks in September 2023, demonstrating strong trading activity.

What sectors showed increased trading activity in September 2023?

The Biotech and China Tech sectors showed increased trading activity in September 2023.

What happened to the Crypto Stock Basket in September 2023?

The Crypto Stock Basket dropped out of the top three for the first time since April 2023, indicating decreased interest from traders.