Gain Capital's GTX Reports Dim Volumes in March, ECN Activity Stalls
- The average daily volume in March totaled $17.0 billion, down 10.0 percent relative to $18.8 billion in February.
GAIN Capital’s institutional unit GTX this week reported its monthly turnover for March 2018, which saw its overall figures notch a month-over-month drop in terms of its average daily volume (ADV).
Total turnover failed to build on last month’s record figures, ultimately showing a flat performance on lower Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term despite an extended trading schedule in March.
Whereas February was characterized by strong volumes which showed GTX’s ECN, SEF, and swap dealer facilities transacting $376.4 billion, March 2018 saw a less upbeat turnover of $374.5 billion. Across a yearly interval, however, this figure is higher by 11 percent on a year-over-year basis from March 2017.
Additionally, the average daily volume (ADV) in March 2018 totaled $17.0 billion per day, which is 10.0 percent lower relative to $18.8 billion in February 2018. Looking at a yearly timetable, GTX’s ADV jumped by 16.0 percent on a year-over-year basis.
March’s volumes decline was largely attributed to GTX’s ECN and SEF segments which fell by 2.0 percent month-over-month to $317.8 billion – the decline in ADV was bigger, dropping by 10 percent compared to the previous month. This loss was inverted however across the Swap Dealer segment, as GTX’s secured a gain of 6 percent while its ADV dropped by 4.0 percent month-over-month.
GAIN Capital’s institutional unit GTX this week reported its monthly turnover for March 2018, which saw its overall figures notch a month-over-month drop in terms of its average daily volume (ADV).
Total turnover failed to build on last month’s record figures, ultimately showing a flat performance on lower Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term despite an extended trading schedule in March.
Whereas February was characterized by strong volumes which showed GTX’s ECN, SEF, and swap dealer facilities transacting $376.4 billion, March 2018 saw a less upbeat turnover of $374.5 billion. Across a yearly interval, however, this figure is higher by 11 percent on a year-over-year basis from March 2017.
Additionally, the average daily volume (ADV) in March 2018 totaled $17.0 billion per day, which is 10.0 percent lower relative to $18.8 billion in February 2018. Looking at a yearly timetable, GTX’s ADV jumped by 16.0 percent on a year-over-year basis.
March’s volumes decline was largely attributed to GTX’s ECN and SEF segments which fell by 2.0 percent month-over-month to $317.8 billion – the decline in ADV was bigger, dropping by 10 percent compared to the previous month. This loss was inverted however across the Swap Dealer segment, as GTX’s secured a gain of 6 percent while its ADV dropped by 4.0 percent month-over-month.