GAIN Capital’s Institutional Unit GTX Sees Rebounding May Trading Volumes

Total turnover climbed nearly double digits in May, helped by an uptick in volatility.

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.

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