GAIN Capital Sees Significant Drop in Q3 Retail Trading Volumes

Thursday, 25/10/2018 | 21:27 GMT by Aziz Abdel-Qader
  • Active accounts in the retail OTC segment totaled 129,182, which is lower 3 percent on a yearly basis.
GAIN Capital Sees Significant Drop in Q3 Retail Trading Volumes
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GAIN Capital on Friday reported its aggregated trading volumes for the third quarter, following the publication of its financial results. The group’s most recent retail volumes took a step back, continuing with a consecutive string of losses since ending the first quarter on a more positive note.

In particular, GAIN Capital’s retail clients transacted a total of $506 billion in Q3 2018, retreating 21.4 percent year-over-year from $645 billion in Q3 2017. The group’s average daily volumes (ADVs) came in at $7.8 billion in the last three months, down 21 percent over a yearly timetable from $9.9 billion per day in Q3 2017.

Meanwhile, active accounts in the retail OTC segment totaled 129,182 as of the end of September 2018, which is lower three percent on a yearly basis from 133,813 accounts the previous year.

In a different vein, futures trading rose last quarter to 1,622,114 contracts, corresponding to a gain of 6.8 percent year-over-year when weighed against 1,518,417 contracts in the year prior.

Business highlights, according to the company’s report, show the listed brokerage will remain focused on returning capital to shareholders through share repurchases and dividends, which amounted to $19.6 million year-to-date.

The US-based Online Trading provider is also still pressing ahead with plans to buy back up to $50 million of its common shares.

Also, data from the US securities regulator for August showed that Gain Capital lost more than $10 million in retail Forex deposits.

As is customary, the retail industry will maintain a lead focus at the 2018 Finance Magnates London Summit, with no shortage of sessions, panels, and workshops touching on these and other developments.

GAIN Capital on Friday reported its aggregated trading volumes for the third quarter, following the publication of its financial results. The group’s most recent retail volumes took a step back, continuing with a consecutive string of losses since ending the first quarter on a more positive note.

In particular, GAIN Capital’s retail clients transacted a total of $506 billion in Q3 2018, retreating 21.4 percent year-over-year from $645 billion in Q3 2017. The group’s average daily volumes (ADVs) came in at $7.8 billion in the last three months, down 21 percent over a yearly timetable from $9.9 billion per day in Q3 2017.

Meanwhile, active accounts in the retail OTC segment totaled 129,182 as of the end of September 2018, which is lower three percent on a yearly basis from 133,813 accounts the previous year.

In a different vein, futures trading rose last quarter to 1,622,114 contracts, corresponding to a gain of 6.8 percent year-over-year when weighed against 1,518,417 contracts in the year prior.

Business highlights, according to the company’s report, show the listed brokerage will remain focused on returning capital to shareholders through share repurchases and dividends, which amounted to $19.6 million year-to-date.

The US-based Online Trading provider is also still pressing ahead with plans to buy back up to $50 million of its common shares.

Also, data from the US securities regulator for August showed that Gain Capital lost more than $10 million in retail Forex deposits.

As is customary, the retail industry will maintain a lead focus at the 2018 Finance Magnates London Summit, with no shortage of sessions, panels, and workshops touching on these and other developments.

About the Author: Aziz Abdel-Qader
Aziz Abdel-Qader
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About the Author: Aziz Abdel-Qader
  • 4984 Articles
  • 31 Followers

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