Gain Capital Reports Substantial YoY Growth for H1 of 2018
- Retail trading in Q1 of this year appears to have caused a spike in revenues for the firm
Gain Capital, a US-based provider of online trading services, released a financial report for the second quarter of 2018 this Friday. The broker saw a year-on-year decline in revenues for the quarter but finished the first half of this year with a year-on-year increase in revenues.
At the end of the second quarter of 2017, Gain Capital reported total revenues of $90.59 million. This year that figure decreased by 7.6 percent to $84.19 million.
This decrease seems largely to have been a result of a significant decline in retail revenues. In Gain Capital’s second quarter of 2017, the firm was able to rake in $79.08 million in retail revenue.
This year that figure shrunk $72.03 million. That was equivalent to an approximately nine percent decline in year-on-year quarterly retail revenues.
Conversely, this quarter the firm improved on last year’s futures revenues. Friday's report indicates that the firm made $11.13 million in futures revenues in Q2 of this year. That was a 16.3 percent increase on last year’s figure of $9.57 million.
Quarterly revenues down, half-year revenues up
Despite a minor decline in this quarter, Gain Capital has performed better than it did last year according to today’s report. The firm’s results show that it finished the first half of 2018 with total revenues of $182.55 million.
That was a 23.5 percent increase on the first half of 2017. In that period, the firm recorded total revenues of $141.77 million.
The biggest reason for this revenue growth appears to have been a spike in Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term in the first quarter of this year. In the first half of last year, Gain Capital recorded total retail revenues of $118.01 million.
This year that figure grew to $156.12 million, representing a 32.3 percent increase in year-on-year retail revenues for the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term services provider.
Gain Capital, a US-based provider of online trading services, released a financial report for the second quarter of 2018 this Friday. The broker saw a year-on-year decline in revenues for the quarter but finished the first half of this year with a year-on-year increase in revenues.
At the end of the second quarter of 2017, Gain Capital reported total revenues of $90.59 million. This year that figure decreased by 7.6 percent to $84.19 million.
This decrease seems largely to have been a result of a significant decline in retail revenues. In Gain Capital’s second quarter of 2017, the firm was able to rake in $79.08 million in retail revenue.
This year that figure shrunk $72.03 million. That was equivalent to an approximately nine percent decline in year-on-year quarterly retail revenues.
Conversely, this quarter the firm improved on last year’s futures revenues. Friday's report indicates that the firm made $11.13 million in futures revenues in Q2 of this year. That was a 16.3 percent increase on last year’s figure of $9.57 million.
Quarterly revenues down, half-year revenues up
Despite a minor decline in this quarter, Gain Capital has performed better than it did last year according to today’s report. The firm’s results show that it finished the first half of 2018 with total revenues of $182.55 million.
That was a 23.5 percent increase on the first half of 2017. In that period, the firm recorded total revenues of $141.77 million.
The biggest reason for this revenue growth appears to have been a spike in Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term in the first quarter of this year. In the first half of last year, Gain Capital recorded total retail revenues of $118.01 million.
This year that figure grew to $156.12 million, representing a 32.3 percent increase in year-on-year retail revenues for the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term services provider.