GAIN Capital Retail Volumes Down in September, Institutional Business Shines

GAIN Capital’s retail OTC trading volume was reported at $202.6 billion, incurring a fall of 14.8 percent MoM.

Coupled with a full breakdown of its Q3 financial results, GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported its volumes for the month ending September 2017, having undergone a mixed performance across both its retail and institutional business, according to a GAIN statement.

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In particular, GAIN Capital’s retail OTC trading volume was reported at $202.6 billion, incurring a fall of 14.8 percent month-on-month compared to $237.7 billion August 2017. Across a yearly timeframe, the figure showed a similar picture, shedding 2.5 percent from $207.8 billion September 2016.

Furthermore, the average daily retail OTC trading volume during September 2017 came in at $9.6 billion, down 6.8 percent month-on-month from $10.3 billion in the prior month, but was coupled with a 2.1 percent rise year-on-year from $9.4 billion in the year ago.

The metrics of active retail OTC accounts were relatively flat, numbering 133,813 as of September 30, 2017, inching slightly higher by a factor of 2.9 percent relative to a year ago, but were marginally lower by less than 1 percent relative to 133,965 in August 2017.

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In terms of its institutional metrics, ECN average daily institutional volume at GTX came in at $13.3 billion during September 2017, reflective of an advance of 9.0 percent from $12.2 billion in August 2017. Across a yearly timeframe, September 2017 showed a more substantial jump of 56.4 percent year-over-year from $8.5 billion in September 2016.

Finally, GAIN’s futures average daily contracts were reported at 23,910 during September 2017, down 3.1 percent month-on-month from 24,699 contracts set back in August 2017. This figure was lower by 25 percent year-over-year from 31,873 in the same month of last year.

On a related note, active futures accounts were reported at 8,056 during the previous month, virtually unchanged from August 2017 but again down 6.3 percent compared to September 2016.

Across a quarter-over-quarter basis, GAIN Capital’s retail OTC trading volume was reported at $644.8 billion in Q3 2017, an increase of 5.3 percent compared to $612.4 5 billion in Q3 2016.

Furthermore, the average daily retail OTC trading volume during the third quarter came in at $9.9 billion, up 6.2 percent quarter-over-quarter from $9.3 billion in the same quarter a year ago.

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