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FOREX.com Sees FX Trading Volumes Soar in Q1'2014

FOREX.com, the retail Forex brand owned by US financial giant GAIN Capital, managed to record a steep rise in Forex volumes in the first quarter of 2014, according to data published today. Retail Forex volumes reached massive $566.4 billion in the three-month period to the end of March 2014, up by substantial 31% from the $431.8 billion seen in the equivalent period in 2013. 

 

Those interested in the annual comparisons of institutional trading volumes would also be happy, as GAIN said these volumes amounted to $1.35 trillion in the first quarter of 2014, up by stunning 51.5% from the levels recorded in the first quarter of 2013. You can see that the institutional business of GAIN is gathering pace, propelled by the successful acquisition of GFT. There is nothing surprising then that the group is stepping up its efforts to diversify and enlarge its product offering by mergers and acquisitions. Just a couple of days ago we reported about a very interesting move by GAIN – it said it would took over Galvan Research and Trading, a UK-based CFD advisory firm. 

 

The metrics for March, which became known today, painted a rosy picture for GAIN. Let's start again with the retail Forex business. Average daily retail OTC trading volume was $8.8 billion last month, 3.9% higher than in February 2014 and remarkable 31.1% higher from March 2013. The number of active retail accounts surged 58% against levels seen a year earlier, while the number of DARTs (daily average revenue trades) was particularly robust at  23,884, up by more than 78% compared with levels seen in March 2013.

 

The business with institutional clients was also solid last month, as average daily institutional volume rose by 2% from February levels to $21 billion. The figure was 64% stronger than in March 2013. I told you that the institutional business of GAIN has gained an impulse. 

 

You can read the press release on GAIN Capital's March metrics below.

 

GAIN Capital Announces Monthly Metrics for March 2014

 

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

Retail metrics

Retail OTC trading volume of $184.6 billion, an increase of 9.0% from February 2014 and an increase of 31.1% from March 2013.

Average daily retail OTC trading volume of $8.8 billion, an increase of 3.9% from February 2014 and an increase of 31.1% from March 2013. 

Active retail OTC accounts of 98,614, no change from February 2014 and an increase of 57.5% from March 2013.

Futures Daily Average Revenue Trades (DARTs) 23,884, an increase of 40.0% from February 2014 and an increase of 78.2% from March 2013.

Total funded accounts of 138,307, an increase of 4.0% from February 2014 and an increase of 38.3% from March 2013.

 

Institutional metrics

 

Total institutional trading volume of $441.7 billion, an increase of 7.0% from February 2014 and an increase of 63.9% from March 2013.

Average daily institutional volume of $21.0 billion, an increase of 1.9% from February 2014 and an increase of 63.9% from March 2013.

GTX trading volume of $404.2 billion, an increase of 9.0% from February 2014 and an increase of 50.0% from March 2013.

Average daily GTX volume of $19.2 billion, an increase of 3.8% from February 2014 and an increase of 50.0% from March 2013.

 

Historical metrics and financial information can be found on the Company's investor relations website at http://ir.gaincapital.com.

This operating data is preliminary and subject to revision and should not be taken as an indication of GAIN's financial performance. GAIN undertakes no obligation to publicly update or review previously reported operating data.

 

 

About GAIN Capital 

 

GAIN Capital Holdings, Inc. (NYSE:GCAP) is a global leader of online trading services provision. GAIN's technology offers market access and automated trade execution across multiple assets, including Forex, contracts for difference (CFDs) and exchange-based products, to both retail and institutional investors.

Through its retail brand, FOREX.com, GAIN provides retail traders across the globe with access to various OTC financial markets. FOREX.com supports clients from more than 140 countries, with its products and services available in many languages, including English, Arabic, Chinese, Japanese, and Russian.  

GAIN Capital and its affiliates boast offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore and Beijing.

 

Editor's Comment: This press release was corrected in respect to futures daily average revenue trades. The article currently contains the updated information.

TAGS: gain capital  forex.com  forex.com broker  forex volumes  trading volumes  forex trading  q1  q1 2014  first quarter  corporate results  operating metrics  forex operations  first quarter results  us forex broker  us forex market  retail forex broker  ret 

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