Average Daily Retail Volumes at GAIN Capital up 9.6% in August, Institutional down 4%

While the nominal number in August was lower than in July, average daily figures have marked a more moderate growth

gain_logo_squareRetail volume metrics at GAIN Capital have remained flat in August, totaling $183.3 billion. The figure is much higher than a year ago, marking a 48.8% growth. Taking into account the number of trading days, the figures look better, growing by 9.6% when compared to July, totaling $8.7 billion in average daily volumes (ADV). This number is higher by 55.9% when compared to August 2013.

The number of active retail accounts remained more or less flat on a month-on-month basis at 92,911.

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The number of futures contracts traded was reported at 512,731, which is lower by 14.7% when compared to July.

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GAIN Capital FX Trading Volumes
GAIN Capital FX Trading Volumes

Institutional foreign exchange volumes dropped 12.7% on a monthly basis in August, while the ADV metric dropped only 4.4%. Both metrics were higher on a year-on-year basis by 27.4% and 33.5% accordingly.

Trading volumes at GTX amounted to $321.8 billion, which is lower by 11.3% than in July and higher by 19% in August 2013. The ADV was reported marginally lower by 2.9% at $15.3 billion, which was higher by 24.7% when compared to a year ago.

Overall, the company’s performance is trailing its peers in August, with other major brokerages reporting steeper rises, but the summer months are not the best barometer as to the state of the market.

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