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GAIN Capital's Retail Forex Volumes Jump in October 2013

GAIN Capital, the US financial giant behind Forex broker FOREX.com has just announced its operating metrics for October, with the strongest performance delivered in the retail Forex segment. 

 
The company reported retail over-the-counter trading volumes of $186.2 billion, a very robust reading which was 43.3% higher than the result achieved in September 2013 and massive 87.1% higher than in October 2012. The increase was also pronounced on a daily basis – up by 31% from September 2013 and up by 88% from October 2012. The raft of positive results continues with daily average revenue trades (the so-called DARTs), which rose nearly 40% from September 2013 and approximately 23% from October last year, at 15,834.
 
On the institutional front the performance was also solid, with average daily institutional volume amounting to $12.7 billion, up by 67% from a year earlier but down by 4.5% from September 2013. 
 
You may wonder what's all the excitement about a set of strong metrics – after all, we are talking about one of the major US Forex brokers. Well, it's interesting to see how the broker proceeds towards the target of boosting its non-retail segment, while maintaining the core retail operations. Apparently, the weaker volatility that has been weighing on Forex market activity is not taking its toll on GAIN. At least, the effects are not visible. Perhaps the broker will actually manage to achieve the target of the three pillars.
 
 
You can see the full press release by GAIN Capital below. 
 
GAIN Capital Announces Monthly Metrics for October 2013
 
BEDMINSTER, N.J., Nov. 11, 2013 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP, "GAIN" or "the Company") today reported certain operating metrics for the month of October 2013.
 
Retail metrics
 
Retail OTC trading volume of $186.2 billion, an increase of 43.3% from September 2013 and an increase of 87.1% from October 2012.
Average daily retail OTC trading volume of $8.1 billion, an increase of 30.6% from September 2013 and an increase of 88.4% from October 2012. 
Active retail OTC accounts of 105,311, a decrease of 0.2% from September 2013 and an increase of 78.9% from October 2012.
Futures Daily Average Revenue Trades (DARTs) of 15,834, an increase of 39.5% from September 2013 and an increase of 22.7% from October 2012.
Total funded accounts of 132,386, an increase of 1.0% from September 2013 and an increase of 61.0% from October 2012.
 
Institutional metrics
 
Total institutional trading volume of $291.0 billion, an increase of 4.3% from September 2013 and an increase of 66.4% from October 2012.
Average daily institutional volume of $12.7 billion, a decrease of 4.5% from September 2013 and an increase of 67.1% 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 broker  forex.com  forex.com broker  us forex broker  gain operating metrics  forex.com volumes  retail forex volumes  institutional trading volumes  forex accounts  daily average revenue trades 

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