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Forex.com trading volumes picked up in September

Oct 10 2016
By
Forexbrokerz.com

Leading US brokerage Gain Capital (a.k.a Forex.com) reported that both its retail and institutional trading volumes have increased in September 2016, compared to previous month. The broker’s OTC retail volume came in at $207.8 billion, up from $191.9 billion reached in August, however the figure represents a significant drop of more than 40% compared to the same period a year earlier.


Gain Capital‘s institutional volume, on the other hand, increased both on the month (by 24.1%) and on a yearly basis (by 28.7%), coming in at $186.3 billion.


What is more, the broker reported its average daily volume in September amounted to $9.4 billion (up 13.2% MoM) in the retail segment and $8.5 billion (up 29.8% MoM) from institutional operations. Active OTC retail accounts declined by a monthly 1.9% to 133,009, also posting an annual drop of 11.2%.

 

  Retail trading volume
(in USD billion)
 
Y/Y change
 
 
Institutional trading volume
(in USD billion)
 
Y/Y change
 
 
Jan 318.7 -0.05% 188.5 15.4%
Feb 276.3 13.1% 174.0 31.3%
Mar 266.7 -19.5% 169.1 -15.4%
Apr 255.8 -33.4% 163.2 -2.9%
May 223.4 -38.7% 151.5 -2.0%
Jun 231.7 -43.7% 212.3 17.9%
Jul 212.7 -44.3% 173.6 10.7%
Aug 191.9 -50.6% 150.1 0.3%
Sep 207.8 -40.3% 183.3 28.7%

 

 

Gain Capital’s CEO Glenn Stevens commented: “Q3 2016 was marked by lower volatility and narrow average true ranges for many products, which resulted in lower customer engagement and a decrease of GAIN’s quarterly retail revenue per million of nearly 30% below our 1H 2016 levels. However, we have seen a significant increase in volatility and engagement in early October and expect this to continue over the course of Q4 and into FY 2017 as a result of Brexit concerns, the US presidential election and continued uncertainty relating to global interest rates.”


Earlier in August Gain Capital reported that its net income for Q2 of 2016 amounted to 10.8 million, 28.6% up from Q1.


GAIN Capital Holdings, Inc. (NYSE: GCAP) provides its services to both retail and institutional investors worldwide. For institutions, the brokerage offers its GTX platform with deep liquidity and low spreads, while retail clients may benefit from the lower costs and great educational resources provided via Forex.com. 


As a global publicly traded company, regulated in a number of jurisdictions, Gain Capital meets high standards of corporate governance, financial reporting and disclosure. 

 

TAGS: forex.com  trading volumes  monthly metrics  forex  forex trading volumes 

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