GAIN Capital October Retail Trading Volumes Down Sharply YoY

GAIN Capital's retail trading metrics have declined YoY by about the same amount its institutional volumes have risen.

GAIN Capital has posted its October trading metrics, marking a decline when compared to the previous month and to the same month last year. The average daily retail trading volume transacted by clients of GAIN Capital decreased 3.8 percent month-on-month and by a more substantial 31.7 percent year-on-year to $9.1 billion per day.

Total volumes transacted by retail clients of GAIN capital have declined 8.2 percent from September 2016 to $190.9 bill. The figure is lower by 34.8 percent when compared to October 2015. The number of active accounts at GAIN Capital has decreased by 1.3 percent when compared to the previous month and by 11.5 percent when compared to last year.

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Outside of the British pound, volatility has declined somewhat during the month and has been particularly lower when compared to the previous year. Despite the flash crash affecting retail traders substantially, their risk appetite for ‘cable’ (GBPUSD) trading has remained material during the month.

As already reported by Finance Magnates earlier this month, the trading metrics on the institutional side of GAIN Capital’s business have remained buoyant. The firm registered a modest month-on-month decline of 2 percent to $182.6 billion. The figure was higher by 38 percent when compared to the same month last year. After adding to the numbers the swap dealer facility of GAIN Capital, the total tally is just over $241 billion – a 5 percent monthly decline and a 35 percent increase when compared to October 2015.

Average daily volumes in October at GAIN Capital’s GTX ECN & SEF trading venue were $8.7 billion daily, which is higher by 3 percent when compared to last month and represents the only monthly increase amongst major ECNs that are publicly reporting their data. Looking at the year-on-year comparison, the numbers were higher by 44 percent. GTX’ totals for October including the swap dealer facility amount to $11.5 billion daily, a figure which is also higher by 41 percent when compared to October 2015.

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