GAIN Capital Reports Recovery in August OTC FX Volumes

The OTC trading volume increased by 29.5 percent month-on-month.

After reporting a weak performance in July, GAIN Capital, like many trading providers, has managed to achieve an uptick in its trading volumes for August, the firm revealed this Tuesday.

During August, the online trading provider’s retail clients transacted a total of $175.8 billion. When measuring this against the previous month, where the over-the-counter (OTC) volume was only $135.8 billion, it is higher by 29.5 percent.

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Measuring last month’s figure against the same period of the previous year, August of 2018, when the broker reported a trading volume of $174.6 billion, August 2019’s result is also up by 0.7 percent. 

The OTC average daily volume for the month of August was $8 billion. Again, this is higher by 35.6 percent against the previous month. Last month’s volume has also risen by 5.3 percent year-on-year.

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Meanwhile, active accounts in the retail segment totaled 117,103 in July 2019. Despite the solid uptick in trading volumes month-on-month, this is actually lower than the 117,582 accounts in June by 0.4 percent. It is also down by 9.2 percent on a yearly comparison.

GAIN Capital posts solid futures trading in August

Futures trading also posted solid results for the month of August on GAIN Capital. In particular, the number of contracts rose from 640,399 contracts traded in July, by 24.5 percent to reach 797,472 contracts traded during the month. Year-on-year, this is higher by 38.4 percent.

The futures average daily contracts also noted a monthly increase of 24.5 percent, climbing from 29,109 contracts in July to 36,249 contracts last month. The average daily volume is up 44.7 percent against August of 2018.

The number of active 12-month trailing futures accounts increased ever so slightly on a monthly comparison, increasing by 0.6 percent to reach 7,451. This figure is lower by 1.3 percent on an annual comparison.

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