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.

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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.

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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 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 services provider.

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