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FOREX.Com Records Rise in Forex Trading Volumes in Jan'2014

GAIN Capital, the parent company of major US Forex broker FOREX.Com, has just reported a set of very strong operating metrics for January 2014, marking a solid start to the year with a rise in both retail and institutional trading volumes.
 
Let's kick off with the statistics for the retail segment: the retail clients of the broker traded volumes worth massive $212.5 billion. The result is very impressive as it marks an increase of 44% against levels seen in January 2013 and a jump of 38.4% from volumes seen in December 2013. Average daily volumes soared 32.2% month-on-month to $9.7 billion – the reading was 51% higher than a year earlier. The number of retail over-the-counter accounts also delivered a nice piece of news – the count was 98,825 last month, which (albeit unchanged from December levels) was up by 63% from the reading registered a year ago. Daily average revenue trades (DARTs) added weight to the positive metrics, rising on a monthly and annual basis to 15,279.
 
The robust set of retail sector operating metrics marks stark contrast with the more dismal performance in this segment that we saw in December 2013. You may recall that the broker saw retail Forex volumes drop on a monthly and annual basis, marking a controversial end to 2013. Yet, the activity of FOREX.Com over the past months is obviously starting to bear fruit – one of the most productive moves to attract retail Forex traders has been the launch of tradable, the app-store like platform. In the start of 2014, the broker made the platform available for all of its clients, including those outside of the United States.
 
And now let's take a look at the institutional segment metrics – overall institutional trading volume amounted to $494 billion in January 2014, up by 28.5% from December 2013 and up by whooping 57.1% from January 2013. This is a particularly good bit of news for GAIN, as the company has announced that it will seek to boost its non-retail operations and to raise the share of non-retail revenues to 50% of the total in the long term. We see a broker that manages to successfully pursue its aims.
 
 
Below you can see the official press release.
 
GAIN Capital Announces Monthly Metrics for January 2014
 
BEDMINSTER, N.J., Feb. 10, 2014 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP, "GAIN" or "the Company") today reported certain operating metrics for the month of January 2014.
 
Retail metrics
 
Retail OTC trading volume of $212.5 billion, an increase of 38.4% from December 2013 and an increase of 44.0% from January 2013.
 
Average daily retail OTC trading volume of $9.7 billion, an increase of 32.2% from December 2013 and an increase of 50.6% from January 2013. 
 
Active retail OTC accounts of 98,825, virtually unchanged from December 2013 and an increase of 62.6% from January 2013. 
 
Futures Daily Average Revenue Trades (DARTs) of 15,279, an increase of 7.7% from December 2013 and an increase of 29.7% from January 2013.
 
Total funded accounts changed from 133,464 to 133,295. M-o-M growth changed from "virtually unchanged" to 0.2% and Y-o-Y growth changed from 56.0% to 55.8%.
 
 
Institutional metrics
 
Total institutional trading volume of $494.0 billion, an increase of 28.5% from December 2013 and an increase of 57.1% from January 2013.
 
Average daily institutional volume of $22.5 billion an increase of 22.7% from December 2013 and an increase of 64.2% from January 2013.
 
 

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  forex volumes  january 2014  january  operating metrics  forex.com results  forex accounts  forex volumes  retail forex  institutional forex  forex trading  gain capital forex broker  forex.com forex broker 

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