US forex broker Gain Capital, whose most popular brand is Forex.com, has reported that its over-the-counter (OTC) retail trading volume in November rose 34.7% from October, to reach $257 billion. The result is also 3.9% higher from last November and the highest since this April, when it stood at $255.8 billion.
The average daily OTC trading volume of the broker was $11.7 billion, up 28.% from October 2016 and 3.9% from last November.
Despite the rising trading metrics, however, Gain Capital reported that the number of active OTC retail accounts (number of accounts with at least one trade in the past 12 months) continued to fall. In November it stood at 131 134, which is a decrease of 0.1% from October and 11.9% from November 2015.
Gain Capital's institutional segment, GTX, also reported strong performance in November. Its monthly ECN volume rose 24.6% from October and 69.6% from November 2015 and stood at $227.5 billion. The average daily volume of the GTX's ECN facility was $10.3 billion, up 18.9% from October and 61.9% from November 2015.
The swap dealership of GTX had a daily volume of $4 billion. This is 44.1% higher than in October and 61.9% than in November 2015. The overall trading volume of the swap dealer in November was $88.2 billion – an increase of 50.9% from October 2016 and 10.3% from November 2015.
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.