GAIN Capital Sees Yet Another Significant Drop in Trading Volumes

GAIN Capital’s retail clients transacted a total of $182 billion last month retreating 15% MoM from $214 billion in June.

GAIN Capital Holdings, Inc. (NYSE: GCAP) has just reported its aggregated trading volumes for July 2018. The group’s most recent retail volumes took another step back during the month, 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 $182 billion in July 2018, retreating 15 percent month-over-month from $214 billion in June 2018. Over a yearly timetable, GAIN’s latest retail OTC volume was also lower by a factor of 11 percent year-over-year from $204 billion in July 2017.

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The group’s average daily volumes (ADVs) came in at $8.3 billion in July 2018, down 18.6 percent month-over-month from $10.2 billion per day in June 2018, as well as down 14.4 percent on a yearly basis.

Meanwhile, active accounts in the retail segment totaled 130,983 in July 2018, which is marginally higher on a monthly basis from 130,018 accounts in June 2018. This reading is, however, lower relative to July 2017, shedding nearly 1.1 percent year-over-year.

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Finally, futures trading dropped sharply last month to 491,287 contracts, corresponding to a loss of 21 percent month-over-month when weighed against 625,260 contracts in the month prior.

Last week, Gain Capital reported its financial results for the second quarter of 2018. The company’s financials 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.

Also, data from the US securities regulator for June showed that Gain Capital lost more than $4.5 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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