GAIN Capital Sees Significant Drop in Q3 Retail Trading Volumes

Active accounts in the retail OTC segment totaled 129,182, which is lower 3 percent on a yearly basis.

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.

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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.

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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.

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