GAIN Capital’s GTX Marks a Substantial Rise in Trading Volumes

The US election has clearly shaken up trading volumes across major ECNs and retail brokerages in November.

The month of November is behind us and some trading venues have started to publish trading volumes. Last month was a very strong one in terms of performance at GAIN Capital’s GTX.

The company reported that the average daily volume of $10.34 billion marks a new record for the trading venue. GAIN Capital’s previous record, which was achieved earlier this year just around the Brexit vote, was surpassed by almost 8 percent.

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GAIN Capital’s total trading volume on the institutional side of business for the month of November amounted to $227.5 billion at the company’s electronic communications network GTX and $88.2 billion via its swap dealer facility ($4 billion per day). The combined total from both venues was $315.7 billion ($14.34 billion per day).

The ECN’s trading volumes have marked a monthly increase of 31 percent when compared to October and a whopping 70 percent increase when compared to last year. Average daily volumes were higher by 19 percent when compared to the previous month and by 62 percent when compared to last year.

Looking at the totals, the combined facilities of GAIN Capital including the ECN, SEF and the company’s swap execution facility showed an increase of 31 percent when compared to October and 47 percent compared to a year ago.

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