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Forex.com May 2013 Operational Metrics: Up, Up and Upwards

April 2013 was a really good month for GAIN Capital's Forex.com – and May was even better. The broker has just released its operational metrics for May 2013 and all we see is the word “increase”. 

 
As usual, it is the institutional business that registers the biggest growth: in May, the broker registered institutional trading volume of $382.7 billion, 21.1% better than in April, and the whopping 152.6% more than in May 2012. On an average daily basis, this translates to $16.6 billion traded per day – a 184% year-on-year growth, with a 15.9% increase compared to the previous month. 
 
What's more, Forex.com's institutional trading volumes in May 2013 are almost twice as big as these of the broker's biggest rival, FXCM, which reported a total institutional volume of $191 billion for the same month. 
 
The broker's retail business is also developing. This May, Forex.com's total retail volume hit $161.5 billion, 10.7% more than in April 2013, and 28.6% more than in May 2012. The average daily retail OTC trading volume was estimated at $7.0 billion, an increase of 5.9% from April 2013, and 28.6% higher than in May 2012. 
 
The broker's customers entrusted it with a total of $467 million in client assets – an amount more than 50% bigger than the one recorded a year ago, in May 2012. These assets were distributed into 100,671 funded, active accounts.
 
The one curious fact about Forex.com is that it might be joining forces with the Tradable platform soon. GAIN Capital has not confirmed this news yet, so it is unclear if, when and why was that decision taken – however from a strategic point of view, it can't do any harm to the business – on the contrary. In my opinion, the new partnership is likely to attract a whole new segment of retail customers because of Tradable's innovative character: the platform operates on the principle of an app store, and lets traders download only tools they actually need, eliminating all unnecessary clutter. 
 
 

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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