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FOREX.com Marks Controversial End to 2013, December Volumes Fall M/M

GAIN Capital, the US securities giant behind Forex broker FOREX.com, today announced the last set of monthly operating metrics for 2013, with FX trading volumes down month-on-month in both retail and institutional segments.

 

Retail over-the-counter trading volumes amounted to $153.5 billion, a drop of 8.8% against the levels from November 2013. More disappointingly, institutional Forex volumes were also down month-on-month – the December reading was at $384.4 billion, a decline of 10.3% from November 2013 levels. This stroke a contrast note with the results we saw in November, when institutional turnover was up in both monthly and annual terms. 

 

On the brighter side, the comparisons with readings from December 2012 were more robust. Retail OTC Forex volumes were up by impressive 64%, while institutional volumes nearly doubled – they surged by 97.7%. 

 

The rest of the metrics also followed the pattern of weaker performance on a monthly basis and stronger performance on an annual basis. Well, we assess the annual comparisons as more important, as they exclude seasonal effects. 

 

The broker registered active retail OTC accounts of 98,696, the number was down by nearly 4% from November 2013, but was up by 64% from the last month of 2012. Futures Daily Average Revenue Trades (DARTs) stood at 14,183, a fall of 5.8% from November 2013, and a rise of 18.5% from December 2012.

 

Hopefully FOREX.com's push into offering new services will bring more positive results in the new year – it's already providing its clients in the US with the open Tradable platform. At the same time, institutional volumes should benefit from GFT's business. Future will tell. 

 

Below you can see the official press release.

 

GAIN Capital Announces Monthly Metrics for December 2013

 

BEDMINSTER, N.J., Jan. 10, 2014 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP, "GAIN" or "the Company") today reported certain operating metrics for the month of December 2013.

 

Retail metrics

 

Retail OTC trading volume of $153.5 billion, a decrease of 8.8% from November 2013, and an increase of 64.0% from December 2012.

 

Average daily retail OTC trading volume of $7.3 billion, a decrease of 8.8% from November 2013 and an increase of 64.0% from December 2012.

 

Active retail OTC accounts of 98,696, a decrease of 3.7% from November 2013, and an increase of 63.9% from December 2012.

 

Futures Daily Average Revenue Trades (DARTs) of 14,183, a decrease of 5.8% from November 2013, and an increase of 18.5% from December 2012.

 

Total funded accounts of 133,056, virtually unchanged from November 2013 and an increase of 56.4% from December 2012

 

Institutional metrics

 

Total institutional trading volume of $384.4 billion, a decrease of 10.3% from November 2013, and an increase of 97.7% from December 2012.

 

Average daily institutional volume of $18.3 billion, a decrease of 10.3% from November 2013 and an increase of 97.7% from December 2012.

 

 

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 to a diverse client base of retail and institutional investors.

 

GAIN's businesses include FOREX.com, which provides retail traders around the world access to a variety of global OTC financial markets, including forex, precious metals and CFDs on commodities and indices; GTX, a fully independent FX ECN for hedge funds and institutions; OEC, an innovative online futures broker; and GAIN Securities, Inc. (member FINRA/SIPC), a licensed U.S. broker-dealer.

 

GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America,Europe and the Asia Pacific regions.  For further company information, visit www.gaincapital.com.

 
TAGS: gain capital  forex.com  us forex broker  metrics 2013  forex volumes  forex performance  december 2013  december  forex accounts  forex trades  retail fx  institutional forex 

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