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Institutional Forex Volumes at GAIN Capital Surge in November

GAIN Capital, the US securities group behind major FX broker Forex.com, today announced its operating metrics November, with institutional Forex volumes showing the rise the company has long awaited. 
 
Institutional trading volumes amounted to $428.6 billion last month, a steep jump of 153.5% from levels seen in November 2012. But this, I guess, does not surprise anyone who has followed closely the fortunes of GAIN – it has regularly shown such annual rises in volumes. The bright piece of news is that the month-on-month comparison was not merely positive: compared with October 2013, the institutional Forex volumes were up by massive 47.3%. 
 
This is not simply a robust figure in the statistics book of the company – it adds weight to its strategy of seeking more revenues from its institutional trading segment and shows how wisely the company acted when it acquired GFT to boost this particular part of its business.
 
But let's get back to November metrics. The retail data was overall positive, especially in terms of annual comparisons. Retail OTC trading volumes reached $168.3 billion, up by 59.3% from November 2012, but down by 9.6% from October 2013. The same pattern was observed with accounts and daily average revenue trades. Active retail OTC accounts amounted to 102,520, slightly lower (by 2.7%) on a monthly basis, but marking an increase of stunning 74.4% from November 2012. DARTs were 15,055, down by 4.9% from October 2013 and up by 10.8% from November last year.
 
The metrics show that GAIN feels the impact of low volatility which affects retail figures. However, the strategy of the group regarding the non-retail segment is proving as rather wise and this is seen in the institutional figures.
 
 
You can see the official press release by GAIN Capital below.
 
GAIN Capital Announces Monthly Metrics for November 2013
 
BEDMINSTER, N.J., Dec. 10, 2013 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP, "GAIN" or "the Company") today reported certain operating metrics for the month of November 2013.
 
Retail metrics
 
Retail OTC trading volume of $168.3 billion a decrease of 9.6% from October 2013 and an increase of 59.3% from November 2012.
Average daily retail OTC trading volume of $8.0 billion, a decrease of 1.0% from October 2013 and an increase of 66.9% from November 2012. 
Active retail OTC accounts of 102,520 a decrease of 2.7% from October 2013 and an increase of 74.4% from November 2012.
Futures Daily Average Revenue Trades (DARTs) 15,055 a decrease of 4.9% from October 2013 and an increase of 10.8% from November 2012.
Total funded accounts of 133,096, an increase of 0.5% from October 2013 and an increase of 63.3% from November 2012.
 
Institutional metrics
 
Total institutional trading volume of $428.6 billion, an increase of 47.3% from October 2013 and an increase of 153.5% from November 2012.
Average daily institutional volume of $20.4 billion an increase of 61.3% from October 2013 and an increase of 165.6% from October 2012.
 

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  gain capital forex  forex.com  us forex broker  forex broker  metrics november  forex volumes  institutional forex volumes  forex trading  retail forex  forex accounts  forex trades  november 2013 

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