GAIN Capital Posts Strong Results For May 2013 – Institutional Volumes Up 152.6% YoY
Further signs of the entire industry's recovery from a lackluster 2012 are demonstrated by GAIN Gapital's monthly metrics for May
GAIN Capital completed May 2013 on a very strong footing, further demonstrating the return to form for most of the industry’s big players after a lackluster 2012 which was plagued by contracting volumes.
June is the second month since GAIN Capital introduced publicly available monthly metrics, providing a comprehensive method of comparing performance on a month-to-month basis. Certainly the increases in volume over May’s figures are substantial, with volume rising from $145.8 billion to $161.5 billion, and a distinct improvement over that of May last year, demonstrated by a 28% increase in volume.
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The company’s institutional division is perhaps where the most remarkable upturn in fortune is apparent. Average monthly volumes for May 2013 are up a somewhat staggering 152.6% from those of May 2012, and average daily volumes up an astronomical 184.0% from the same time last year.
Retail metrics
• Retail OTC trading volume of $161.5 billion, an increase of 10.7% from April 2013 and an increase of 28.6% from May 2012.
• Average daily retail OTC trading volume of $7.0 billion, an increase of 5.9% from April 2013 and an increase of 28.6% from May 2012.
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• Active retail OTC accounts of 64,028, an increase of 0.7% from April 2013 and an increase of 3.9% from May 2012.
• Futures Daily Average Revenue Trades (DARTs) of 13,236, a 9.8% decrease from April 2013.
• Total funded accounts of 100,671, an increase of 1.7% from April 2013 and an increase of 35.2% from May 2012.
• Total retail customer assets of $466.9 million, an increase of 2.2% from April 2013 and an increase of 55.4% from May 2012.
Institutional Metrics
• Total institutional trading volume of $382.7 billion, an increase of 21.2% from April 2013 and an increase of 152.6% from May 2012.
• Average daily institutional volume of $16.6 billion, an increase of 15.9% from April 2013 and an increase of 184.0% from May 2012.
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What type of client does trade on GTX? And what is Gain’s selling point, why don’t clients just use one of the mainstream platforms?
The gains you mention over 2012 results… are due to acquisitions, are they not? Not some business acumen recently developed by the (mis)managers at Gain. Can one assume once this cycle is over and gain hedged away most of the client losses the downward trajectory will resume?