According to the monthly metrics, provided on Gain Capital’s website, the over-the-counter (OTC) trading volume of its retail brand Forex.com dropped to $189.1 billion. The figure represents a decrease of 26.4% from previous month, and a drop by 33.4% from the same period a year earlier.
The number of active OTC accounts also fell by 1.6% from November 2016 and by 12.2% from December 2015, to 129 036.
Meanwhile, Gain Capital’s institutional segment (GTX) did not fare much better in the last month f 2016. The broker’s ECN trading volume amounted to $202.1 billion in December, which is a decrease of 11.2% compared to November 2016. The figure, however, represents an increase of 36% from December 2015.
Furthermore, the number of Futures contracts also fell by double digits in December to 549,363, which is a decrease of 20.5% from November 2016 and 24.7% from December 2015.
Previous month Forex.com registered a 34.7% increase in OTC trading volume from October, and Its GTX platform also delivered good performance.
In spite of the disappointing monthly metric issued on Tuesday, so far Gain Capital’s stock performs more than well – registering an increase by around 3.5%, compared to the previous day. Currently, the stock price of Gain Capital (NYSE:GCAP) amounts to $6.85.
Established in 2003, Gain Capital Group is now active in North America, Europe and the Asia Pacific regions, serving both retail and institutional clients under the trading brands Forex.com, City Index, GTX, and Gain Capital.
New Jersey-based broker offers trading in forex, commodities, and global equities. Its largest retail forex broker, Forex.com, also offers white label solutions for other forex brokers, operating throughout the world.