GAIN Capital Released Q4 Metrics, Net Revenue Increased by 37% over Q3
- The retail OTC FX trading volume reached $508.0 billion for GAIN Capital in the fourth quarter of 2013, a considerable increase of 28.7% from the third quarter's retail trading volume of $394.8 billion.
The NYSE listed FX broker, GAIN Capital Holdings, Inc., has announced its Q4 2013 metrics today, showing significant increases in revenues and trading volumes over the previous quarter, most likely thanks to the integration of GFT into the company. GAIN's financial results for the full-year of 2013 were also announced.
Fourth Quarter Metrics Compared to Previous Quarter:
- Net revenue of $83.0 million, up 37% from $60.6 million.
- Net income of $4.3 million, down 8.5% from $4.7 million.
- Adjusted EBITDA of $13.7 million, up 14.2% from $12.0 million.
- Retail OTC trading volume of $508.0 billion, up 28.7% from $394.8 billion.
- Institutional trading volume of $1.1 trillion, up 22% from $901.3 billion.
- Total retail client assets of $739.3 million, up 8% from $684.1 million
In the fourth quarter of 2013, GAIN's retail OTC trading business generated revenue of $61.4 million and total retail trading volume during the quarter was $508.0 billion. For the whole year of 2013, GAIN's retail OTC trading business generated revenue of $205.1 million, compared to $127.5 million in 2012. Total retail trading volume in 2013 was $1.8 trillion, compared to $1.3 trillion in 2012.
The institutional business, comprising GTX and sales trader businesses, generated a total revenue of $17.7 million in the quarter. Institutional trading volume was $1.1 trillion in the fourth quarter of 2013. For the whole year the institutional business generated total revenue of $38.6 million, compared to $13.5 million in 2012. Institutional trading volume was $4 trillion in 2013, compared to $2 trillion a year earlier.
2013 Yearly Metrics Compared to 2012:
- Net revenue of $266.4 million, up 76% from $151.4 million
- Net income of $31.3 million, or $0.79 per diluted share, up from $2.6 million, or $0.07 per diluted share
- Adjusted net income of $33.8 million, or $0.85 per diluted share, up from $4.0 million, or $0.11 per diluted share
- Adjusted EBITDA of $61.0 million, up 450% from $11.1 million
- Retail OTC trading volume of $1.8 trillion, up 38% from $1.3 trillion
- Institutional trading volume of $4.0 trillion, up 103% from $2.0 trillion
Glenn Stevens, CEO of GAIN Capital, commented on the yearly results in the announcement: "2013 was a transformational year for GAIN, thanks to our Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of GFT and the successful Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of organic growth initiatives. The GFT acquisition gave our retail OTC business increased scale, and a broader client base and product offering, while expanding our global presence. We also executed on our revenue diversification strategy through the growth of our commission business, driven by an almost three-fold increase in revenue from our institutional business."
The NYSE listed FX broker, GAIN Capital Holdings, Inc., has announced its Q4 2013 metrics today, showing significant increases in revenues and trading volumes over the previous quarter, most likely thanks to the integration of GFT into the company. GAIN's financial results for the full-year of 2013 were also announced.
Fourth Quarter Metrics Compared to Previous Quarter:
- Net revenue of $83.0 million, up 37% from $60.6 million.
- Net income of $4.3 million, down 8.5% from $4.7 million.
- Adjusted EBITDA of $13.7 million, up 14.2% from $12.0 million.
- Retail OTC trading volume of $508.0 billion, up 28.7% from $394.8 billion.
- Institutional trading volume of $1.1 trillion, up 22% from $901.3 billion.
- Total retail client assets of $739.3 million, up 8% from $684.1 million
In the fourth quarter of 2013, GAIN's retail OTC trading business generated revenue of $61.4 million and total retail trading volume during the quarter was $508.0 billion. For the whole year of 2013, GAIN's retail OTC trading business generated revenue of $205.1 million, compared to $127.5 million in 2012. Total retail trading volume in 2013 was $1.8 trillion, compared to $1.3 trillion in 2012.
The institutional business, comprising GTX and sales trader businesses, generated a total revenue of $17.7 million in the quarter. Institutional trading volume was $1.1 trillion in the fourth quarter of 2013. For the whole year the institutional business generated total revenue of $38.6 million, compared to $13.5 million in 2012. Institutional trading volume was $4 trillion in 2013, compared to $2 trillion a year earlier.
2013 Yearly Metrics Compared to 2012:
- Net revenue of $266.4 million, up 76% from $151.4 million
- Net income of $31.3 million, or $0.79 per diluted share, up from $2.6 million, or $0.07 per diluted share
- Adjusted net income of $33.8 million, or $0.85 per diluted share, up from $4.0 million, or $0.11 per diluted share
- Adjusted EBITDA of $61.0 million, up 450% from $11.1 million
- Retail OTC trading volume of $1.8 trillion, up 38% from $1.3 trillion
- Institutional trading volume of $4.0 trillion, up 103% from $2.0 trillion
Glenn Stevens, CEO of GAIN Capital, commented on the yearly results in the announcement: "2013 was a transformational year for GAIN, thanks to our Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of GFT and the successful Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of organic growth initiatives. The GFT acquisition gave our retail OTC business increased scale, and a broader client base and product offering, while expanding our global presence. We also executed on our revenue diversification strategy through the growth of our commission business, driven by an almost three-fold increase in revenue from our institutional business."