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Gain Capital's July trading volumes wane

Aug 04 2017
By
Jonathan Smith

The largest retail FX brokerage in the US, Gain Capital, released its July trading metrics on Thursday, according to which, the broker’s retail and institutional segment were on the downside. The data shows that the Gain Capital’s retail trading volume came in at $204.5 billion, down by 15.4% compared to June and 3.9% YoY.

 

 

Moreover, Average Daily Volume stood at $9.7 billion, which represents a drop by 11.8% from the previous month and a 4% decrease over the year.

 

The July performance of the institutional branch of Gain Capital – GTX – appears slightly better. On an annual basis, the ECN volume grew by 21.7%, coming in at $211.3 billion. The figure, however, represents a drop by 11.3% when compared to the results from June 2017.

 

The futures segment of the broker also declined. The Number of Futures Contracts stood at 472,134 billion in June, a drop by 19% MoM and more than 20% over the year.

 

Gain Capital Group was established in 2003 and went public on the NYSE in 2010. The company serves retail and institutional clients under the trading brands Forex.com, City Index, GTX, and Gain Capital. It is active in North America, Europe and the Asia Pacific regions. The 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.

TAGS: Gain Capital  financial results  trading volumes 

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