GAIN’s January Volumes Notch Gain Across Retail, Institutional Space

GAIN Capital recorded a rebound in its institutional and retail trading volumes in January.

GAIN Capital Holdings, Inc. (NYSE: GCAP) has just released its volumes for the month ending January 2017, having had its retail business increase on a monthly basis, following an uptick in volatility in the US, per a group report.

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December’s figures were pointed lower due to the absence of the US election, which helped spark global markets to new heights. Meanwhile, January 2017’s volumes benefited from the incoming administration of Donald Trump, which was a major market driver given a rocky transition – additionally, markets woke up after a seasonal slowdown.

During January 2017, GAIN Capital’s retail OTC trading volume was reported at $210.0 billion, which grew by a factor of 11.1 percent month-over-month from $189.1 billion in December 2016. Across a yearly timetable, the latest figures incurred a decline of -34.1 percent year-over-year from January 2016.

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Furthermore, the average daily retail OTC trading volume during January 2017 came in at $9.5 billion, climbing 10.5 percent month-over-month from just $8.6 billion in December 2016, coupled with a -40.1 percent retreat year-over-year from January 2016. Finally, active retail OTC accounts were numbered at just 127,166 in January 2017, falling for the second consecutive month, this time by -1.5 percent month-over-month from 129,036 accounts in December 2016.

Institutional Business Gathers Momentum

In terms of its institutional metrics, ECN total trading volume was reported at $266.2 billion in January 2017, a sizable boost of 31.7 percent month-over-month from $202.1 billion in December 2016 – the latest figures however were also reflective of a substantial increase of 41.3 percent year-over-year from January 2016.

Moreover, ECN average daily institutional volumes came in at $12.1 billion during January 2017, corresponding to 31.5 percent jump month-over-month from $9.2 billion in December 2016, and 28.4 percent higher year-over-year from January 2016.

Finally, GAIN’s futures average daily contracts were reported at 32,190 during January 2016, up against just 26,160 contracts in December 2016, or 23.1 percent month-over-month. This performance was pared over a yearly timetable, retreating by -24.7 percent year-over-year from January 2016. Futures contracts on the whole however rose to 643,797 during January 2017, up 17.2 percent month-over-month from 549,363 in December 2016.

Earlier this week, GAIN Capital made headlines after it signed a definitive agreement with FXCM to buy the foreign exchange broker’s US client base. The news came after an earlier report that the US Commodity Futures Trading Commission (CFTC) filed and settled charges with FXCM, forcing the brokerage out of the US market.

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