Quarterly revenue capture per million traded ranged between mid- to high- $90’s according to Glenn Stevens
The average daily trading volumes at GAIN Capital (NYSE:GCAP) dipped 13 per cent month-on-month in September as the broker announced that metrics totaled $14.7 billion. The number is still higher by 35 per cent when compared to last year, however special favors are in play related to the Acquisition of City Index.
The total trading volume for over-the-counter products amounted to $322.8 billion, which is lower by 8.9 per cent from August 2015 and higher by 35.1 per cent when compared to the same month last year.
The number of active accounts totaled 149,846, a mild dip of 0.5 per cent from August 2015 and higher by 59.8 per cent that in September 2014. The number of average daily futures contracts traded totaled 38,072, which is higher by 8.3 per cent than in August 2015 and by 22.9 per cent than in September 2014.
The total amount of futures contracts traded amounted to 799.517 in September, higher by the same 8.3 per cent from last month and by 22.9 per cent when compared to September 2014.
Looking at GAIN Capital's (NYSE:GCAP) institutional volume metrics, the average daily volume at GTX totaled $15.8 billion, or lower by 8.5 per cent when compared to August 2015 and 14.0 per cent if we look at September 2014. The total volume for the month amounted to $347.8 billion, which is lower by 4.2 per cent than last month and by 14.0 percent when compared to last September.
Commenting on the quarterly volume metrics the company’s CEO, Glenn Stevens, stated: "In Q3 2015, GAIN continued to make strong progress on the integration of City Index, which included a positive response from both legacy GAIN and City Index clients, as well as new customers.”
“The Q3 2015 retail trading environment was more favorable relative to Q2 2015 with higher Volatility in indices and commodities resulting in a quarterly retail revenue capture per million (RPM) in the mid- to high- $90s, generally in line with GAIN's trailing twelve month average," he concluded.
The higher RPM figure is largely due to increased futures trading and the higher margins that brokers bank when clients are trading those contracts. Increased volatility in equity and commodity markets has shifted the mix of trading appetites amongst customers are they have been drawn by relatively faster markets.
The average daily trading volumes at GAIN Capital (NYSE:GCAP) dipped 13 per cent month-on-month in September as the broker announced that metrics totaled $14.7 billion. The number is still higher by 35 per cent when compared to last year, however special favors are in play related to the Acquisition of City Index.
The total trading volume for over-the-counter products amounted to $322.8 billion, which is lower by 8.9 per cent from August 2015 and higher by 35.1 per cent when compared to the same month last year.
The number of active accounts totaled 149,846, a mild dip of 0.5 per cent from August 2015 and higher by 59.8 per cent that in September 2014. The number of average daily futures contracts traded totaled 38,072, which is higher by 8.3 per cent than in August 2015 and by 22.9 per cent than in September 2014.
The total amount of futures contracts traded amounted to 799.517 in September, higher by the same 8.3 per cent from last month and by 22.9 per cent when compared to September 2014.
Looking at GAIN Capital's (NYSE:GCAP) institutional volume metrics, the average daily volume at GTX totaled $15.8 billion, or lower by 8.5 per cent when compared to August 2015 and 14.0 per cent if we look at September 2014. The total volume for the month amounted to $347.8 billion, which is lower by 4.2 per cent than last month and by 14.0 percent when compared to last September.
Commenting on the quarterly volume metrics the company’s CEO, Glenn Stevens, stated: "In Q3 2015, GAIN continued to make strong progress on the integration of City Index, which included a positive response from both legacy GAIN and City Index clients, as well as new customers.”
“The Q3 2015 retail trading environment was more favorable relative to Q2 2015 with higher Volatility in indices and commodities resulting in a quarterly retail revenue capture per million (RPM) in the mid- to high- $90s, generally in line with GAIN's trailing twelve month average," he concluded.
The higher RPM figure is largely due to increased futures trading and the higher margins that brokers bank when clients are trading those contracts. Increased volatility in equity and commodity markets has shifted the mix of trading appetites amongst customers are they have been drawn by relatively faster markets.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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