GAIN Capital’s Retail FX Volumes Halved in April 2020
- GAIN Capital’s clients transacted $188 billion in April, retreating 51 percent month-over-month from $388 billion in March
GAIN Capital Holdings, Inc. (NYSE: GCAP) has just reported its aggregated trading volumes for April 2020. The group’s most recent retail volumes took a step back during the month, compared to ending March on a more positive note when FX trading on their platform has soared more than 50 percent during the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term concern-driven market swings.
In particular, GAIN Capital’s retail clients transacted a total of $188 billion in April 2020, retreating 51 percent month-over-month from $388 billion in March 2020. Over a yearly timetable, GAIN’s latest retail OTC volume was higher by over 29 percent from $146 billion in April 2019.
The group’s average daily volumes (ADVs) had been halved last month to $8.6 billion from $17.7 billion per day in March 2020. This figure was also higher by 28 percent on a yearly basis.
Meanwhile, three-month trailing active accounts in the OTC retail segment totaled 93,773 by the end of March, which was relatively flat on a monthly basis from 87,349 accounts in March 2020.
Solid financial results on Corona boost
Finally, futures trading dropped further in April to 567,189 contracts, corresponding to a loss of 20 percent from March.
Earlier in April, GAIN reported its net revenues for Q1 2020 at $185.7 million, which was four times higher than the $38.4 million reported back in the Jan-March quarter of 2019. Over a quarterly basis, the company revenue rose 250 percent from $53.3 million in the fourth quarter of 2019.
Before the first quarter, FX retail platforms and elsewhere had suffered a prolonged period of low Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and lackluster volumes, crimping profitability. In particular, GAIN’s net revenues for Q4 2019 came in at $53.3 million. Furthermore, the year ending December 31, 2019, netted a revenue drop of 35 percent year-over-year, having plunged to $234 million from $358.0 million reported back in fiscal 2018.
GAIN Capital Holdings, Inc. (NYSE: GCAP) has just reported its aggregated trading volumes for April 2020. The group’s most recent retail volumes took a step back during the month, compared to ending March on a more positive note when FX trading on their platform has soared more than 50 percent during the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term concern-driven market swings.
In particular, GAIN Capital’s retail clients transacted a total of $188 billion in April 2020, retreating 51 percent month-over-month from $388 billion in March 2020. Over a yearly timetable, GAIN’s latest retail OTC volume was higher by over 29 percent from $146 billion in April 2019.
The group’s average daily volumes (ADVs) had been halved last month to $8.6 billion from $17.7 billion per day in March 2020. This figure was also higher by 28 percent on a yearly basis.
Meanwhile, three-month trailing active accounts in the OTC retail segment totaled 93,773 by the end of March, which was relatively flat on a monthly basis from 87,349 accounts in March 2020.
Solid financial results on Corona boost
Finally, futures trading dropped further in April to 567,189 contracts, corresponding to a loss of 20 percent from March.
Earlier in April, GAIN reported its net revenues for Q1 2020 at $185.7 million, which was four times higher than the $38.4 million reported back in the Jan-March quarter of 2019. Over a quarterly basis, the company revenue rose 250 percent from $53.3 million in the fourth quarter of 2019.
Before the first quarter, FX retail platforms and elsewhere had suffered a prolonged period of low Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and lackluster volumes, crimping profitability. In particular, GAIN’s net revenues for Q4 2019 came in at $53.3 million. Furthermore, the year ending December 31, 2019, netted a revenue drop of 35 percent year-over-year, having plunged to $234 million from $358.0 million reported back in fiscal 2018.