GAIN Capital’s April Volumes in the Red After Strong Q1

GAIN Capital Holdings, Inc. (NYSE: GCAP) has just reported its aggregated trading volumes for April 2018. The group’s most recent retail volumes took a step back during the month, ending a consecutive string of increases from last year.

In particular, GAIN Capital’s retail clients transacted a total of $224 billion in April 2018, retreating 15 percent month-over-month from $263 billion in March 2018. Over a yearly timetable, GAIN’s latest retail OTC volume was higher by a factor of 20 percent year-over-year from $185 billion in April 2017.

The group’s average daily volumes (ADVs) came in at $10.6 billion in April 2018, down 11 percent month-over-month from $11.9 billion per day in March 2018, though up 14 percent on a yearly basis.

Meanwhile, active accounts in the retail segment totaled 130,808 in April 2018, which is marginally lower on a monthly basis from 131,764 accounts in March 2018. This reading is also lower relative to April 2017, shedding nearly 4.0 percent year-over-year.

GTX, the electronic communications network and institutional segment of GAIN Capital’s business, saw its volumes once again decline in April 2018. The group reported a reading of $279 billion in April, declining on a monthly basis from $318.0 billion in March 2018 or 12.2 percent. This figure is, however, higher by 21 percent year-over-year, relative to $230 billion in April 2017.

GAIN Capital’s swap dealer facility registered a big drop in April 2018 with transactions declining over 50 percent month-over-month to $27.5 billion, compared to $57 billion in March 2018.

Finally, futures trading dropped last month to 753,943 contracts, corresponding to a loss of 2.3 percent month-over-month when weighed against 771,749 contracts in the month prior.