LONDON, March 25, 2021("FXCM Group' or 'FXCM'), the leading international provider of online foreign exchange trading, CFD trading and related services, is today releasing the volume increases for the month of February 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 company currently boosts a portfolio of thirteen stock baskets.
For the 1st time since August 2020 FAANG was not the most popular traded stock basket at FXCM, as the February rise and fall of the Cannabis sector, caught the attention of FXCM traders. While Cannabis finished the month with only a modest 5% gain, at one stage mid-month the price had exceeded $6000 from its starting point of $3998.
On the back of a difficult 2020, the Travel & Hospitality, Airlines and Casino sectors saw the biggest trading gains in a month that saw total FXCM basket volume rise by approximately 13% from January.
The list of companies and weightings is available on FXCM's stock basket website)
| Volume Rank | Sector | Symbol | Feb Price Change1 | Monthly Change in FXCM Volume2 |
| 1 | Cannabis | CANNABIS | 4.97% | 400% |
| 2 | Chinese Tech | CHN.TECH | 9.76% | 93% |
| 3 | Big US Tech | FAANG | -0.93% | -58% |
| 4 | Chinese E-Commerce | CHN.ECOMM | 3.51% | 3% |
| 5 | Airlines | AIRLINES | 28.15% | 63% |
| 6 | Biotech | BIOTECH | -2.84% | -71% |
| 7 | Casinos | CASINOS | 27.96% | 254% |
| 8 | US-Ecommerce | US.ECOMM | 5.00% | -11% |
| 9 | Esports & Gaming | ESPORTS | 2.58% | -44% |
| 10 | Travel and Hospitality | TRAVEL | 34.20% | 25% |
| 11 | US Banks | US.BANKS | 16.39% | -6% |
| 12 | Work From Home | WFH | -3.76% | 217% |
| 13 | US Automotive | US.AUTO | -3.73% | 125% |
Past Performance is not an indicator of future results.
1 Price change figures are calculated using FXCM's opening bid price from 1 February 2021 and the closing price from 26 January 2021.
2 Percent change month-over-month (January 2021 vs February 2021) is derived from FXCM client volume data.
About FXCM:
FXCMis a leading provider of online foreign exchangeprovides 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.
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. Retail clients who maintain account, inclusive of all EU branches, FXCM Australia Pty. Limited, FXCM South Africa, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the "FXCM Group"], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited, Product Disclosure Statement, and Terms of Business. Our FX and CFD prices are set by us, are not made on an Exchange and are not governed under the Financial Advisory and Intermediary Services Act. The FXCM Group may provide general commentary, which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group's websites prior to taking further action.
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