GAIN Capital Keeps up the June Positive Vibe with Double Digit Growth in Trading Volumes

Leading FX and CFD broker, GAIN Capital, has kept up a courageous sentiment in the world of FX trading volumes

gainlogoGAIN Capital, a leading listed FX and CFD broker has announced positive trading volumes in its retail and institutional divisions for the month of June. Among the industry’s leading players June has been somewhat of a summer gift as metrics have been increasing month on month and in some cases venues broke new records.

The New Jersey based broker saw average daily retail OTC trading volume of $7.7 billion, an increase of 10.3% MoM and an increase of 63.4% YoY. In its institutional division; the broker saw average daily institutional volume of $18.4 billion, an increase of 10.3% MoM and an increase of 137.2% YoY.

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GAIN’s institutional division GTX is starting to gain traction in the fragmented ECN space as volumes are nearing the $20 billion a day mark, overall volumes have been reaching new records at venues such as Reuters and FXall.

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GAIN Capital’s share price is trading at $6.22 in New York.

Retail metrics

  • Retail OTC trading volume of $154.8 billion, a decrease of 4.1% from May 2013 and an increase of 55.6% from June 2012.
  • Average daily retail OTC trading volume of $7.7 billion, an increase of 10.3% from May 2013 and an increase of 63.4% from June 2012.
  • Active retail OTC accounts of 64,144, an increase of 0.2% from May 2013 and an increase of 3.9% from June 2012.
  • Futures Daily Average Revenue Trades (DARTs) of 15,167, an increase of 13.8% from May 2013.
  • Total funded accounts of 96,977, a decrease of 3.7 % from May 2013 and an increase of 30.0% from June 2012.
  • Total retail customer assets of $475.6 million, an increase of 1.9% from May 2013 and an increase of 48.5% from June 2012.

Institutional metrics

  • Total institutional trading volume of $367.2 billion, a decrease of 4.1% from May 2013 and an increase of 172.5% from June 2012.
  • Average daily institutional volume of $18.4 billion, an increase of 10.3% from May 2013 and an increase of 137.2% from June 2012.

Volatility is repeated as the X- Factor behind the upbeat trading volumes in 2013, markets are expected to continue this volatile trend in Q3. “This is likely to be a pivotal quarter for financial markets. The prospect of an end to stimulus from the Federal Reserve may carry huge ramifications for the direction of prices in equity, FX and commodity markets,” said Kathleen Brooks, Research Director, FOREX.com in a statement.

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