Gain Capital GTX Reports Dim Volumes as ECN and SEF Activity Stalls in October

October’s volumes decline was largely attributed to the ECN and SEF segments which fell 10.0% MoM to $250.5 billion.

GAIN Capital’s institutional unit GTX has reported its latest monthly total trading volumes for October 2017, having seen a stagnation in its overall turnover figures on a month-over-month basis.

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During October 2017, GTX’s ECN, SEF and swap dealer facilities transacted $322.9 billion, which was lower by 6.0 percent month-over-month from $357.7 billion back in September 2017. Across a yearly interval, however, this figure is higher by 34 percent on a year-over-year basis from its equivalent in October 2016.

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Looking at its average daily volume (ADV) figure, the CFTC-registered swap dealer saw $14.7 billion for October 2017, shedding 10 percent month-over-month from $16.3 billion per day in the month prior. Looking over a yearly timetable, GTX’s ADV jumped by 28.0 percent on a year-over-year basis.

October’s volumes decline was largely attributed to GTX’s ECN and SEF segments which fell by 10.0 percent month-over-month to $250.5 billion – the decline in ADV was bigger, dropping by 14.0 percent compared to the previous month. This loss was inverted however across the Swap Dealer segment, as GTX’s secured a gain of 15 percent while its ADV also rose by 10.0 percent month-over-month.

Looking at these figures relative to the year prior, October 2017’s performance was much better, with increases across ECN and SEF transactions coming in at 37 percent year-over-year. The activity of GTX’s CFTC-registered swap dealer unit also ticked up last month, having secured 24 percent increase relative to the turnover from a year earlier.

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