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FXCM & Gain Capital April Monthly Metrics: FXCM Retains Leader Position in terms of Retail Trading Volume

Two of the leading US forex brokers have recently released data on its business performances in April 2016, Gain Capital (NYSE: GCAP) and FXCM (NYSE:FXCM). According to the brokers` monthly metrics, FXCM strengthened its position as the leading US broker by retail forex trading volume. Here are the key figures in both companies’ trading metrics: 

 


Retail trading volume (billion)

Change (%)

Institutional trading
volume (billion)
Change (%)

FXCM

 

$287

 

-1% MoM
  6% YoY
 

$75

 

-10% MoM
  83% YoY

Gain Capital

 

$255.8

 

-4.1% MoM
-33.4% YoY
 

$163.2

 

-3.5% MoM
-2.9% YoY

 

FXCM’s reported retail volumes in April 2016 slightly lag behind levels seen in March 2016, but stage a rise on a YoY basis by 6%. The institutional side of the business performed more than well YoY, marking 83 increase in trading volumes, coming in at $75 billion. The figure, however, represents a decrease by 10% compared to March 2016. The success of the institutional segment is probably due to the relaunching of FXCM’s website for institutional trading FXCMPro.com.

 

What is more, FXCM’s reported quarterly revenue reached $71.5 million, up 6.7% from the last quarter of 2015 and 9% higher than Q1 2015.

 

The reported operating and financial metrics of the company are quite healthy, despite regular payments made to Leucadia. As a result, FXCM’s stock prices went up by 2.4%: on Thursday, before the company’s press release, its stocks traded for $10.78 and on the next day ay market close its price came in at $11.04.

 

Meanwhile, Gain Capital’s retail and institutional trading volumes both continue to fall in April. The broker’s retail trading volume from over-the-counter (OTC) operations fell 4.1% on the month to $255.8 billion last month, posting an annual drop of more than 30%. Institutional trading volume in the electronic communication network (ECN) broking segment amounted to $163.2 billion in April, marking 3.5% decrease compared to March and 2.9% annual drop.

 

In spite of April worsening trading metrics, Gain Capital’s financial results for Q1 2016 look quite optimistic – registering a nearly 53% increase in net income YoY. Probably that is why the company’s share prices after the press release market a slight increase. Gain Capital’s stock prices traded for $6.84 at market close on May, 4, and two days later its stock price rose slightly to $6.90.

    

We have recently made a detailed comparison of FXCM and Gain Capital`s financial performance for the full year 2015.


Gain Capital (NYSE: GCAP) is the second-largest US forex and CFD broker, operating the brands  Forex.com, City Index, GTX, and Gain Capital. It is active in North America, Europe and the Asia

 

TAGS: fxcm  gain capital  trading volume 

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