Gain Q2 2012 interesting facts

As usual Gain Capital released a quarterly earnings presentation for Q2 2012, and as usual it has some interesting facts

As usual Gain Capital released a quarterly earnings presentation for Q2 2012, and as usual it has some interesting facts in it:

Retail trading revenue (quarterly basis) was up at $119.8, on annual basis it was $100.1

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  • Enhanced CFD offering
    • New platform; launching with 200+ CFD products
      • Indices, commodities, sectors & FX
    • Beta testing began
    • Full release on schedule for September 2012
  • FOREX.com Canada launch
    • Licensed to offer forex, CFDs and futures
    • One of a small group of regulated firms approved to offer these products
    • 5-7% of our current retail trading volume without direct marketing currently
  • Continuing to invest in our higher-growth regions
    • Asia-Pacific (SE Asia & China) and Middle East
  • Mobile volumes continue to ramp
    • Over 2x increase between Q2 2011 and Q2 2012
    • 18% of Q2 2012 active accounts traded via mobile
  • Actively pursuing M&A opportunities

Open E Cry Acquisition

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On June 28, 2012 Gain announced its acquisition of Open E Cry from optionsXpress, a subsidiary of the Charles Schwab Corp.

  • Purchase price: $12mm
  • Expected to close in Q3 2012

Company Overview

  • Online retail provider of exchange-traded futures
  • FY 2011 revenue: $13.6mm
  • Customers(1): 8,101
  • Assets(1): $95.9mm

Transaction Rationale

  • New commission revenue stream generated on a per trade basis
  • Global expansion of OEC’s geographic footprint
  • Cross-selling between futures and FX

 

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MonthFunded Retail AccountsNew Retail AccountsClient Assets
Jul-1178,0822,350$283.4
Aug-1177,1402,886303.7
Sep-1177,0132,616286.4
Oct-1176,4962,372311.8
Nov-1176,6472,330319.3
Dec-1176,4852,195310.4
Jan-1276,8472,145313.6
Feb-1275,9042,371320.2
Mar-1273,8442,356325.9
Apr-1273,9962,260332.4
May-1274,4522,463300.5
Jun-1274,6212,139320.2
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