Brokers News

GAIN Capital Records Jump in Forex Volumes in September

Oct 11 2013
By Forexbrokerz.com Forexbrokerz.com

GAIN Capital, the financial giant which owns US Forex broker FOREX.com, has just published the data for its operations for September 2013, with a set of steep rises recorded in almost all aspects, including Forex volumes and accounts.

Let's kick off with what's the strongest part of FOREX.com's business model – institutional FX, where the company posted a total trading volume of $278.9 billion, up by massive 51.6% against September 2012. And although we are accustomed to seeing rises on an annual basis, the company reported a rise in institutional volumes on a monthly basis too, with the result for September 2013 being 3.1% higher than the one recorded in August 2013.

And now let's take a look at how the retail Forex volumes performed: the picture is stable here too, with retail over-the-counter trading volumes amounting to $129.9 billion, up by 5.5% from August 2013 and impressive 45% higher than in September last year. The number of active retail accounts also gave the company a reason to be proud, rising by 61.6% from August 2013 (wow!) and by 78.4% from September 2012, to 105,536.

The single disappointing metric was the number of futures Daily Average Revenue Trades (DARTs) which fell by 8.1% year-on-year to 11,354.

On the brighter side, GAIN has plenty to boast, apart from the set of robust metrics. It was in September that the group managed to finalize the acquisition of Global Futures & Forex Ltd (GFT). The September results include results from seven days of GFT's operations.

You can see the full press release by GAIN Capital below.

GAIN Capital Announces Monthly Metrics for September 2013

BEDMINSTER, N.J., Oct. 10, 2013 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP, "GAIN" or "the Company") today reported certain operating metrics for the month of September 2013. These metrics include 7 days of operations of Global Futures & Forex Ltd (GFT), which was acquired by GAIN Capital on September 24, 2013.

Retail metrics

Retail OTC trading volume of $129.9 billion, an increase of 5.5% from August 2013 and an increase of 45.0% from September 2012.

Average daily retail OTC trading volume of $6.2 billion, an increase of 10.5% from August 2013 and an increase of 38.0% from September 2012.

Active retail OTC accounts of 105,536, an increase of 61.6% from August 2013 and an increase of 78.4% from September 2012.

Futures Daily Average Revenue Trades (DARTs) of 11,354, a decrease of 17.6% from August 2013 and a decrease of 8.1% from September 2012.

Total funded accounts of 131,068, an increase of 38.9% from August 2013 and an increase of 59.0% from September 2012.

Institutional metrics

Total institutional trading volume of $278.9 billion, an increase of 3.1% from August 2013 and an increase of 51.6% from September 2012.

Average daily institutional volume of $13.3 billion, an increase of 8.1% from August 2013 and an increase of 36.6% from September 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 forex.com us forex broker corporate results forex performance forex broker september 2013 operations metrics september forex.com september 2013 forex volumes forex accounts retail fx institutional forex

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