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Business in Full Blossom: Forex.com Reports April 2013 Operational Metrics

Late last night GAIN Capital released data about its operations in April 2013. After announcing excellent metrics for the first quarter of the year, the broker keeps thriving. 
 
Again, it is institutional trading volumes that have increased the most but this seems to be a recurring motif in GAIN's development – in the first quarter of last year the company hit 325.1% growth in institutional volumes compared to Q1 of 2011, which was quite impressive. 
 
103% is the figure that the broker has to brag with for April 2013 – this is how much more institutional trading took place compared to April 2012. The actual volume achieved last month was also 17.2% higher than the previous month – $315.8 billion – with a daily average of $14.4 billion. 
 
The retail division of GAIN Capital did quite well too, even though the increase there was humbler than the retail one. This April, Forex.com's retail traders achieved volumes of $145.8 billion – 3.6% higher than March 2013, and 25.9% higher than April 2012. 
 
The daily average retail OTC volume traded reached $6.6 billion – 20% better than the same month the previous year, and when it comes to futures, Forex.com's traders achieved 14,773 daily average revenue trades. 
 
The number of active retail accounts (e.g. accounts where there was at least one trade made in April) reached 63,609, slightly more than in March. The total of funded accounts reported for the month was 98,959 – 37.55% more than in April 2012. 
 
"We are pleased to report that our positive momentum continued in April, with sequential and year-on-year volume growth across all our business lines, as improving market conditions helped boost client engagement," said GAIN Capital's CEO Glenn Stevens.
 
"These factors, combined with our pending acquisition of GFT, which is on track to close in the third quarter, put us in a strong position to capitalize on more favorable market conditions," Stevens added. 
 
 

About GAIN Capital

 
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.
 
Through our retail brand, FOREX.com, we provide retail traders around the world with access to a variety of global OTC financial markets, including forex, precious metals and CFDs on commodities and indices.  GAIN Capital also operates GTX, a fully independent FX ECN for hedge funds and institutions; Open eCry (OEC), an innovative online futures broker; and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. Broker-dealer.
 
GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing; and Seoul.
TAGS: forex.com  Gain Capital  forex trading  forex broker  institutional forex  retail forex 

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