GAIN Capital Reports Higher Retail Volumes in November, ‎Yet Lower YoY

GAIN Capital’s retail OTC trading volume was reported at $207.0 billion‎.

GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported its volumes for the month ending November 2017, having undergone a better performance across its retail, institutional and futures business compared to the prior month, according to a GAIN statement.

In particular, GAIN Capital’s retail OTC trading volume was reported at $207.0 billion, an increase of 7.5 percent month-on-month compared to $192.5 billion in October 2017. Across a yearly timeframe, however, the figure showed a different picture, shedding 19.5 percent from $257.0 billion reported back in November 2016.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Furthermore, the average daily retail OTC trading volume during November 2017 came in at $9.4 billion, up 6.8 percent month-on-month from $8.8 billion in the prior month, but this increase was coupled with a 19.7 percent drop year-on-year from $11.7 billion in the year ago.

The metrics of active retail OTC accounts were flat, numbering 131,825 as of November 30, 2017, inching slightly down by a factor of 1.3 percent relative to a month ago, and up by 2.7 percent relative to October 2017.

Suggested articles

What to Look for in a Forex Technology Provider?Go to article >>

In terms of its institutional metrics, ECN average daily institutional volume at GTX came in at $12.2 billion during November 2017, reflective of an advance of 7 percent from $11.4 billion in October 2017. Across a yearly timeframe, November 2017 showed a more substantial jump of 18.4 percent year-over-year from $10.3 billion in November 2016.

Finally, GAIN’s futures average daily contracts were reported at 27,730 during November 2017, up 16.3 percent month-on-month from 23,847 contracts set back in October 2017. This figure was offset by a 15.8 percent year-over-year drop.

On a related note, active futures accounts dropped to 7,885 during the previous month, down 1.1 percent from 7,973 in October 2017 and also lower by 6.8 percent compared to November 2016.

 

Got a news tip? Let Us Know