GAIN Capital’s institutional unit GTX has just reported its latest monthly turnover for May 2017, which saw its overall figures notch a month-over-month growth. The latest reading helped pare last month’s losses, ultimately rebounding on higher volatility in May.
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Whereas last month was bound by lower volatility and a shortened trading schedule, May 2017 saw a more upbeat turnover of $306.5 billion across its ECN + SEF and Swap services. This figure is higher by 9.2 percent on a month-over-month basis from $280.7 billion in April 2017.
Additionally, the average daily volume (ADV) in May 2017 totaled $13.3 billion daily, which is -5.0 percent lower relative to $14.0 billion in April 2017. Looking over a yearly timetable, GTX’s total turnover was higher by 43.0 percent year-over-year with its ADV jumping by 37.0 percent on a year-over-year basis.
The largest gains at GTX in May 2017 were seen across its Swap Dealing, which rose by 18.0 percent month-over-month to $59.3 billion – the growth in ADV was slightly more muted, rising tepidly by only 3.0 percent month-over-month. These gains were inverted however when measured against 2016, as GTX’s Swap Dealing declined by -6.0 percent year-over-year, while its ADV also fell by -10.0 percent year-over-year.