Today, GAIN Capital released its monthly metrics for November 2013, which display a downturn across the board in total trading volumes compared with October 2013.

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The company completed the month of November with a retail OTC trading volume of $168.3 billion, which although is still 59% ahead of the same period during last year’s unusually low trading activity, represents a decrease of 9.6% when compared with last month.

Volume Slowdown Heads Into Third Month

Overall, the entire industry, with only a few exceptions, has experienced something of a complete reversal of fortunes which were bestowed upon a majority of retail FX firms worldwide during the first six months of the year, in which a protraction began to emerge, and as November’s volume releases come to publication, appears to be continuing.

Whereas GAIN Capital’s retail FX division generated a significant increase in revenues during October, the company’s institutional business followed the downward trend experienced by many other firms.

Institutional Division Increases Volume By 47.3% 

In November, however, it was the company’s institutional division which outperformed last month’s figures, going some way toward restoring October’s low average daily volumes, with November’s total institutional trading volumes standing at $428.6 billion, an increase of 47.3% from October 2013, and an increase of 153.5% from November 2012.

Average daily institutional volume of $20.4 billion, an increase of 61.3% from October 2013, and an increase of 165.6% from October 2012.

With GAIN Capital’s retail FX division’s average daily retail OTC trading volume for November this year standing at $8.0 billion, the company has experienced a decrease of 1.0% from last month and an increase of 66.9% from the average daily volumes in November 2012.

Futures Daily Average Revenue Trades (DARTS) amounted to 15,055, which is a decrease of 4.9% from October 2013 and an increase of 10.8% from November 2012, and the company completed the month of November with a total of 133,096 funded accounts, which despite the decrease in volumes, represents an increase of 0.5% from October 2013, and an increase of 63.3% from November 2012.

Comparative to GAIN Capital’s volumes for October, a complete U-turn occurred in November, with the institutional division having recovered lost ground, and the retail business having taken the direction which is congruent to that of many industry participants worldwide.