de | cn | ru

Brokers News

GAIN Capital Registers Increase in Q3 Forex Volumes, Profitability

GAIN Capital, the US securities giant behind, has just announced its results for the third quarter of the year, with robust rises recorded in institutional and retail trading volumes, along with revenues and profits.


For the three months to the end of September 2013, the retail over-the-counter trading volumes amounted to $394.8 billion, a rise of 42% against $278.7 billion recorded a year ago. Institutional trading volumes also staged a rise – they went up by 79% year-on-year to $901.3 billion. The latter is not a surprise, given the strong emphasis of the group's business model on the institutional segment. The set of solid operational metrics was completed with the reading for total retail client assets – they rose by massive 60% year-on-year to $684.1 million.


The financial results are in tune with the ones from operations, with net profits for the third quarter reaching $4.7 million, 42% higher than a year ago. Net revenues for the same period were also good at $60.6 million, staging a jump of 52% from levels seen in the equivalent period in 2012.


GAIN Capital attributed the successful performance to improved market environment in the retail sector and the robust performance of the GTX institutional platform. GAIN Capital's chief executive Glenn Stevens underlined the importance of GFT's acquisition for the corporate performance and the growth of clients using GTX.


Apparently, the leading broker has what to be proud of: it continued its successful performance for a further quarter. By the way, this is hardly a surprise to those of you who have noticed how GAIN has outpaced its US rivals recently. 


You can find's full report below.


BEDMINSTER, N.J., Oct. 31, 2013 /PRNewswire/ -- GAIN Capital Holdings, Inc. ("GAIN") (NYSE: GCAP), a leading global provider of online trading services, reported significantly higher results for the three months and nine months ended September 30, 2013.


"This was another strong quarter for GAIN. Our results demonstrate the success of GAIN's organic and acquisition growth strategies. Retail OTC trading revenue increased 48%, benefiting from an expanded array of products and improved market conditions. In our commission business, revenue rose 133%, and accounted for 21% of total net revenues, thanks to the double-digit growth of our GTX institutional platform and the acquisition of our futures business in late 3Q12. Profitability significantly outpaced revenue growth, despite year-to-date restructuring and acquisition-related expenses of $1.8 million, demonstrating the operating leverage inherent in our business," said Glenn Stevens, CEO of GAIN Capital.


"We believe GFT is a transformational acquisition for GAIN. It provides substantial scale, new partnerships in OTC trading, significantly expands our non-forex product offerings, and broadens the customer base for our GTX platform. Additionally, GFT deepens our global footprint, with an increased presence in key European, Middle Eastern and Asian markets. Integration is well underway, and we remain on track to achieve $35 million to $45 million of expected expense synergies over the next 12 months," Mr. Stevens concluded.


Third Quarter Metrics


(Comparisons below are referenced to third quarter 2012)

Net revenue of $60.6 million, up 52% from $40.0 million; including $2.8 million of GFT revenue

Adjusted EBITDA* of $12.0 million, up 90% from $6.3 million

Net income of $4.7 million, or $0.12 per diluted share, up 42% from $3.3 million, or $0.08 per diluted share

Adjusted net income* was $5.1 million, or $0.13 per diluted share1

Retail OTC trading volume of $394.8 billion, up 42% from  $278.7 billion

Institutional trading volume of $901.3 billion, up 79% from $503.6 billion

Futures Daily Average Revenue Trades (DARTs) of 12,483

Total retail client assets of $684.1 million, up 60% from $426.6 million


Year-to-date highlights


(Comparisons below are referenced to the nine months ended September 30, 2012)

Net revenue of $183.4 million, up 54% from $118.9 million

Adjusted EBITDA* of $47.3 million, up 188% from $16.4 million

Net income of $26.2 million, or $0.67 per diluted share, up 309% from $6.4 million, or $0.16 per diluted share

Adjusted net income* was $27.5 million, or $0.71 per diluted share2

Retail OTC trading volume of $1.3 trillion, up 30% from $1.0 trillion

Institutional trading volume of $2.9 trillion,  up 102% from $1.4 trillion


Retail OTC trading business


In the third quarter of 2013, GAIN's retail OTC trading business generated revenue of $50.9 million, compared with $34.3 million in the third quarter of 2012. Total trading volume was $394.8 billion, compared with $278.7 billion a year earlier. Total funded accounts totaled 131,068, compared with 82,411 a year earlier.


Commission business


GAIN's commission-based business, which comprises the GTX institutional and exchange traded futures businesses, generated total revenue of $12.7 million, compared with $5.4 million in the third quarter of 2012.

GTX revenue was $6.9 million in the third quarter, compared with $4.2 million in the third quarter of 2012. GTX trading volume was $901.3 billion, compared with $503.6 billion a year earlier.

The futures business, which was acquired on August 31, 2012, generated revenue of $5.8 million in third quarter, compared with $1.2 million in the third quarter of 2012. Third quarter 2013 DARTs were 12,483.


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, 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


TAGS: broker  gain capital  gain capital forex  gain capital q3 2013  forex results  q3 2013  forex volumes  retail fx volumes  commissions  gain capital revenues  profits 

More news about

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia ASIC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website

More Forex Brokers News

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

de | cn | ru