GAIN Capital’s institutional unit GTX has just reported its monthly turnover for September 2017, which saw its overall figures notch a slight month-over-month growth in terms of its average daily volume (ADV). Total turnover failed to build on last month’s healthy gains, ultimately showing a flat performance on lower volatility and a shortened trading schedule in September.
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Whereas August was characterised by strong volumes which showed GTX’s ECN, SEF and swap dealer facilities transacting $357.7 billion, up 32 percent relative to the month prior, September 2017 saw a less upbeat turnover of $341.7 billion. Across a yearly interval, however, this figure is higher by 35 percent on a year-over-year basis from September 2016.
Additionally, the average daily volume (ADV) in September 2017 totaled $16.3 billion per day, which is 5.0 percent higher relative to $15.5 billion in August 2017. Looking over a yearly timetable, GTX’s ADV jumped by 41.0 percent on a year-over-year basis.
The largest loss at GTX in September 2017 were seen across swap dealing, which shed 19.0 percent month-over-month to $62.8 billion – the decline in ADV was slightly better, dropping by 11.0 percent compared to the previous month. This loss was inverted however across ECN + SEF segments, as GTX’s secured a gain of 50 percent from a year ago, while its ADV also rose by 9.0 percent month-over-month.