GAIN Capital’s Institutional Unit GTX Posts April Trading Volumes

GAIN Capital's GTX unit reports consistent ECN volumes, swap dealer activity declines.

Total trading volumes at GAIN Capital institutional unit GTX have decreased in the month of April. Pockets of volatility have caused increased activity on select days, but overall the currency markets remained subdued and confined to range trading for the most part of last month.

GTX reported a total of $280.7 billion changing hands during the month. The number is higher by 21 percent when compared to a year ago and lower by 17 percent when compared to March 2017. The average daily volume totalled $14 billion daily, which is 5 percent lower when compared to last month and 27 percent higher than in April 2016.

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The company’s Electronic Communications Network (ECN) andSwap Execution Facility (SEF) accounted for $230.5 billion, which comes to $11.5 billion daily. The total figure is higher by 41 percent when compared to a year ago and lower by 15 percent when compared to March 2017. The average daily volume number declined only 2 percent month-on-month and increased 48 percent when compared to April 2016.

GTX also reported the numbers for GAIN’s institutional unit swap dealer facility. Trading declined 26 percent month-on-month to $50.2 billion, a number that is also lower year-on-year by 28 percent.

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