GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported its monthly volumes for March 2017, having seen its metrics rise across the board on a monthly basis in terms of its retail and institutional business.
March 2017 featured an uptick in trading activity, helped by volatility induced by the US Federal Reserve – a rate hike helped kindle markets, which had been lacking any definitive drivers relative to the month prior.
During March 2017, GAIN Capital’s retail OTC trading volume was reported at $239.2 billion, securing a growth of 40.5 percent month-over-month from $170.2 billion in February 2017. Across a yearly timeframe, March 2017 saw its advance tempered, with its latest figures representing a decline of 10.2 percent year-over-year from $266.7 billion in March 2016.
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Average daily retail OTC trading volumes during March 2017 came in at $10.4 billion, climbing 22.4 percent month-over-month from $8.5 billion in February 2017, coupled with a -10.3 percent year-over-year pullback from $11.6 billion in March 2016. Finally, active retail OTC grew by a factor of 4.3 percent month-over-month from 131,192 in February 2017.
Institutional Business Jumps
In terms of its institutional metrics, GTX total trading volume was reported at $271.7 billion in March 2017, a healthy jump of 22.6 percent month-over-month from $221.6 billion in February 2017. The latest figures also were reflective of a substantial increase of 60.7 percent year-over-year from $169.1 billion March 2016.
Furthermore, ECN average daily institutional volume at GTX came in at $11.8 billion during March 2017, correlating to 6.3 percent higher month-over-month from $11.1 billion in February 2017 and 59.5 percent higher year-over-year from $7.4 billion in March 2016.
Finally, GAIN’s futures average daily contracts were reported at 35,969 during March 2017, up 15.9 percent month-over-month from 31,028 contracts in February 2017. This reading was virtually unchanged year-over-year relative to 35,561 contracts in March 2016.