GAIN Capital’s Retail, Institutional Metric Fall Double Digits in August

GAIN's retail and institutional volumes fell across the board in August, though its futures segment performed well MoM.

GAIN Capital Holdings, Inc. (NYSE: GCAP) has released its volumes for the month ending August 2016, having had its retail business take a dive MoM in what has become an industry wide trend, according to a GAIN statement.

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During August 2016, GAIN Capital’s retail OTC trading volume was reported at $191.9 billion, incurring a MoM fall of -9.8% MoM from $212.7 billion in July 2016. Across a yearly timeframe however, August 2016 painted a similar picture, plunging by -50.6% YoY from August 2015.

Furthermore, the average daily retail OTC trading volume during August 2016 came in at $8.3 billion, falling -17.8% MoM from $10.1 billion in July 2016, coupled with a -54.9% YoY pullback from August 2015. Finally, active retail OTC accounts were numbered at just 135,634 in August 2016, inching lower by a factor of -2.4% MoM from 139,007 in July 2016.

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Institutional Business Dives Lower

In terms of its institutional metrics, GTX total trading volume was reported at $150.1 billion, justifying a move lower of -13.6% MoM from $173.6 billion in July 2016 –  the latest figures were indicative of a marginal increase of only 0.3% YoY from August 2015, virtually unchanged.

Moreover, ECN average daily institutional volume at GTX came in at $6.5 billion during August 2016, reflective of a decline of -21.7% MoM from $8.3 billion in July 2016 and -8.4% YoY from August 2015.

Finally, GAIN’s futures average daily contracts were reported at 28,271 during August 2016, down -4.6% MoM from 29,630 contracts in July 2016. This performance was exacerbated over a yearly timetable, retreating by -19.5% YoY from August 2015. Futures contracts on the whole however rose to 650,230 during August 2016, up 9.7% MoM from 592,604 in July 2016.

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