GAIN Capital Sees Recovery in OTC Trading Volumes in May

The company is the latest trading provider to report an uptick from April’s lows.

GAIN Capital Holdings, Inc. (NYSE: GCAP) has just reported its aggregated trading volumes for May of 2019. After a slow month in April, the group’s most recent retail volumes have managed to end on a more positive note.

During May, the firm reported an over-the-counter (OTC) trading volume of $180.3 billion for its retail segment. This represents an uptick of 23.2 percent against the trading volume of $146.3 billion reported in April.

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However, on a yearly comparison, May of 2019’s trading volume does not look as strong. In fact, it has retreated by 25.9 percent from the $243.3 billion OTC trading volume achieved in May of 2018.

The average daily volume in May for the OTC retail segment was $7.8 billion, which is higher by 16.4 percent than the $6.7 billion reported in the previous month. Again, May of 2019’s result is still down on a year-on-year comparison by 29.7 percent.

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Taking a look at the futures segment, in May, the number of futures contracts traded was 796,899 contracts. When weighed against April, May’s volume has managed to climb by 52.6 percent.

Unlike the retail segment, the number of futures contracts traded in May of 2019 is also higher on a year-on-year comparison. Specifically, it is higher by 14.7 percent, up from 694,481 contracts traded in May 2018.

The average number of futures contracts traded per day in May was 36,223 contracts. Month-on-month this represents an increase of 45.7 percent and it’s also up 14.7 percent from May 2018’s average of 31,567.

GAIN Capital Starts 2019 on Uneven Footing

As Finance Magnates reported, the first quarter of 2019 started off on uneven footing for the company. This is because GAIN Capital reported a net loss of $28.4 million for the period. This is in comparison to the $11.9 million profit the company made during the same time period of the previous year. It also translates to a loss of $0.76 per share.

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