GAIN Capital’s Retail, Institutional Volumes Fall Sharply Across the Board
- Retail volumes were amongst the hardest hit in May, falling double digits.
GAIN Capital Holdings, Inc. (NYSE: GCAP) has released its volumes for the month ending May 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 May 2016, GAIN Capital’s retail OTC trading volume was reported at $223.4 billion, incurring a MoM fall of -12.7% MoM from $255.8 million in April 2016. Across a yearly timeframe however, May 2016 showed a similar picture, nose-diving by -38.7% YoY from May 2015.
Furthermore, the average daily retail OTC trading volume during May 2016 came in at $10.2 billion, falling -16.4% MoM from $12.2 billion in April 2016, coupled with a -41.5% YoY plunge from May 2015. Finally, active retail OTC accounts were numbered at 138,955 in May 2016, inching lower by a factor of -1.0% MoM rise from 140,286 in April 2016.
Institutional Business Undergoes Similar Decline
In terms of its institutional metrics, GTX total trading volume was reported at $151.5 billion, justifying a move lower of -7.2% MoM from $163.2 billion in April 2016 – by extension, the latest figures were indicative of a fall of only -2.0% YoY from May 2015.
Moreover, ECN average daily institutional volume at GTX came in at $6.9 billion during May 2016, reflective of a decline of -11.5% MoM from $7.8 billion in April 2016 and -6.5% YoY from May 2015.
GAIN Capital Holdings, Inc. (NYSE: GCAP) has released its volumes for the month ending May 2016, having had its retail business take a dive MoM in what has become an industry wide trend, according to a GAIN statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
During May 2016, GAIN Capital’s retail OTC trading volume was reported at $223.4 billion, incurring a MoM fall of -12.7% MoM from $255.8 million in April 2016. Across a yearly timeframe however, May 2016 showed a similar picture, nose-diving by -38.7% YoY from May 2015.
Furthermore, the average daily retail OTC trading volume during May 2016 came in at $10.2 billion, falling -16.4% MoM from $12.2 billion in April 2016, coupled with a -41.5% YoY plunge from May 2015. Finally, active retail OTC accounts were numbered at 138,955 in May 2016, inching lower by a factor of -1.0% MoM rise from 140,286 in April 2016.
Institutional Business Undergoes Similar Decline
In terms of its institutional metrics, GTX total trading volume was reported at $151.5 billion, justifying a move lower of -7.2% MoM from $163.2 billion in April 2016 – by extension, the latest figures were indicative of a fall of only -2.0% YoY from May 2015.
Moreover, ECN average daily institutional volume at GTX came in at $6.9 billion during May 2016, reflective of a decline of -11.5% MoM from $7.8 billion in April 2016 and -6.5% YoY from May 2015.