The institutional trading arm of GAIN Capital is continuing to post solid results this year.
The first day of November brings us the final tally for October trading volumes across major trading venues. Last month GAIN Capital’s GTX has been the most upbeat performer, with average daily volumes (ADVs) increasing. Fastmatch, which is partially owned by FXCM, retained a flat figure, while Hotspot trading volumes materially declined after the acquisition from the CBOE.
Volatility in October was ample, especially in the British pound pairs, where the ‘flash crash’ has generated sufficient momentum to make the pair the most traded for the month, according to data from Finance Magnates Intelligence.
Fastmatch ADV Solid Despite Nominal Decline
Starting in alphabetical order, the trading volumes at Fastmatch have been reported by the company to come short of last month’s second best figure ever. The total volumes stood at $284.5 billion, which is lower by 5.5 percent when compared to September. Looking at a broader year-on-year comparison, the number was higher by 44 percent than in October 2015.
Looking at the average daily volumes for the first month of the fourth quarter the figure stood at $13.6 billion per day, which is only marginally lower than the previous month’s $13.7 billion. The number was 52.8 percent higher than last year’s metric for the month of October.
GAIN Capital’s GTX Continues Higher
GAIN Capital’s ECN and SEF October trading volumes have remained more or less flat when compared to September, with a modest decline of 2 percent month-on-month to $182.6 billion. The figure was higher by 38 percent when compared to the same month last year. After adding to the numbers the swap dealer facility of GAIN Capital, the total tally is just over $241 billion - a 5 percent monthly decline and a 35 percent increase when compared to October 2015.
Average daily volumes in October at GAIN Capital’s GTX ECN & SEF trading venue were $8.7 billion daily, which is higher by 3 percent when compared to last month and represents the only monthly increase amongst major ECNs that are publicly reporting their data. Looking at the year-on-year comparison, the numbers were higher by 44 percent. GTX’ totals for October including the swap dealer facility amount to $11.5 billion daily, a figure which is also higher by 41 percent when compared to October 2015.
Hotspot’s figures in Decline Last Month
The foreign Exchange trading venue which is part of BATS Global Markets, Hotspot, has registered a decline in trading volumes in October. The figures stood at $531 billion last month, which is a decline of 14.5 percent when compared to last month. The figure is about flat when compared to the same month last year.
Looking at the average daily volumes totals for last month, we are seeing an 11 percent decline to $25.2 billion. The number is still 5 percent higher year-on-year.
FXSpotStream Charges Higher
FXSpotStream has charged higheras trading activity increased during the month of October according to a company official announcement. The firm reported an increase in both total and average daily volumes during the month.
Looking at the monthly total, FXSpotStream's metrics increased last month over 5 per cent to $359.2 billion. The Average daily volumes number for October 2016 was also higher. Coming in at $17.1 billion daily, the figure was up by 10.7 percent when compared to September and by 24.5 percent when compared to October 2015.
The first day of November brings us the final tally for October trading volumes across major trading venues. Last month GAIN Capital’s GTX has been the most upbeat performer, with average daily volumes (ADVs) increasing. Fastmatch, which is partially owned by FXCM, retained a flat figure, while Hotspot trading volumes materially declined after the acquisition from the CBOE.
Volatility in October was ample, especially in the British pound pairs, where the ‘flash crash’ has generated sufficient momentum to make the pair the most traded for the month, according to data from Finance Magnates Intelligence.
Fastmatch ADV Solid Despite Nominal Decline
Starting in alphabetical order, the trading volumes at Fastmatch have been reported by the company to come short of last month’s second best figure ever. The total volumes stood at $284.5 billion, which is lower by 5.5 percent when compared to September. Looking at a broader year-on-year comparison, the number was higher by 44 percent than in October 2015.
Looking at the average daily volumes for the first month of the fourth quarter the figure stood at $13.6 billion per day, which is only marginally lower than the previous month’s $13.7 billion. The number was 52.8 percent higher than last year’s metric for the month of October.
GAIN Capital’s GTX Continues Higher
GAIN Capital’s ECN and SEF October trading volumes have remained more or less flat when compared to September, with a modest decline of 2 percent month-on-month to $182.6 billion. The figure was higher by 38 percent when compared to the same month last year. After adding to the numbers the swap dealer facility of GAIN Capital, the total tally is just over $241 billion - a 5 percent monthly decline and a 35 percent increase when compared to October 2015.
Average daily volumes in October at GAIN Capital’s GTX ECN & SEF trading venue were $8.7 billion daily, which is higher by 3 percent when compared to last month and represents the only monthly increase amongst major ECNs that are publicly reporting their data. Looking at the year-on-year comparison, the numbers were higher by 44 percent. GTX’ totals for October including the swap dealer facility amount to $11.5 billion daily, a figure which is also higher by 41 percent when compared to October 2015.
Hotspot’s figures in Decline Last Month
The foreign Exchange trading venue which is part of BATS Global Markets, Hotspot, has registered a decline in trading volumes in October. The figures stood at $531 billion last month, which is a decline of 14.5 percent when compared to last month. The figure is about flat when compared to the same month last year.
Looking at the average daily volumes totals for last month, we are seeing an 11 percent decline to $25.2 billion. The number is still 5 percent higher year-on-year.
FXSpotStream Charges Higher
FXSpotStream has charged higheras trading activity increased during the month of October according to a company official announcement. The firm reported an increase in both total and average daily volumes during the month.
Looking at the monthly total, FXSpotStream's metrics increased last month over 5 per cent to $359.2 billion. The Average daily volumes number for October 2016 was also higher. Coming in at $17.1 billion daily, the figure was up by 10.7 percent when compared to September and by 24.5 percent when compared to October 2015.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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