GAIN Capital Reports Bleak Trading Volumes for January 2019

GAIN Capital Holdings, Inc. (NYSE: GCAP) has just reported its aggregated trading volumes for January 2019. The group’s most recent retail volumes took a step back during the month, compared to ending December on a more positive note.

In particular, GAIN Capital’s retail clients transacted a total of $184 billion in January 2019, retreating 4.5 percent month-over-month from 231.2 billion in December 2018. Over a yearly timetable, GAIN’s latest retail OTC volume was sharply lower by over 26 percent from $249 billion in January 2018.

The group’s average daily volumes (ADVs) came in at $8.4 billion in January 2019, down 12.5 percent month-over-month from $9.6 billion per day in December 2018. This figure was also lower by 25.7 percent on a yearly basis.

Meanwhile, active accounts in the retail segment totaled 122,581 in January 2019, which slightly decreased on a monthly basis from 123,171 accounts in December 2018. This reading is lower relative to January 2018, shedding nearly 7.7 percent year-over-year.

New Hires and Solid Financials

Finally, futures trading dropped last month to 591,123 contracts, corresponding to a loss of eight percent month-over-month when weighed against 641,094 contracts in the month prior.

Last month, Gain Capital appointed two new members to its IT team – Boris Levine as the Head of IT Development and Rasmus Hansen as the Head of Infrastructure Technology.

Earlier in October, the company reported its financial results for the third quarter of 2018 saw a year-on-year advance. GAIN’s net revenues came in at $95.5 million, constituting a gain of 30 percent compared to $73.8 reported back in the July-September quarter of 2017. Over a quarterly basis, the company revenue was also higher 42 percent from $67.1 million the previous quarter.

In terms of Gain Capital’s bottom line, the quarterly net income from continuing operations achieved $10 million, or $0.22 per share, compared to an adjusted net loss of $3.1 million in the third quarter of 2017.