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GAIN Capital Sees Forex Volumes Grow in February

GAIN Capital, the US financial giant behind Forex broker Forex.com, today announced its operating metrics for February 2014, with both institutional and retail Forex volumes staging a steep rise in annual terms. 

The stats for last month show retail Forex volumes of $169.3 billion, a rise of nearly 18% against levels recorded in February 2013. There is more positive news from the retail business, with the number of active retail over-the-counter accounts reaching 98,955 in the shortest month of the year. The reading was massive 62% higher than a year earlier. Daily average revenue trades (DARTs) also made the group happy, rising by 16% year-on-year to 17,065. 
 
The institutional clients of GAIN were also rather active, with the group recording a steep 35% jump in institutional trading volumes year-on-year: they amounted to $412.7 billion in February this year. This news is of particular importance for GAIN, as it seeks to boost the share of its non-retail revenues to 50% of the total in the longer term. Moreover, the metrics in this respect are rather indicative of the great contribution that GFT is bringing to the business.
 
And while we are on the topic of fruitful acquisitions, you may wish to check out our article on what GAIN Capital looks for in its next acquisition target. It turns out that the profile of such a business is not so simple and merely defined as retail, or institutional. 
 
I suppose what you're going to ask next – about the monthly comparisons. Well, we usually shun such comparisons, especially when it comes to comparing February and January given the different length of the months and the raft of seasonal factors that affect such figures. 
 
Still, we should mention a couple of such readings. The average daily Forex volumes in both institutional and retail respect were weaker in February than in January 2014. On the brighter side, however, DARTs rose 11.7% month-on-month. The broker is obviously continuing with its solid performance.
 
 
 
You can read the full press release on the February operating metrics below.
 
GAIN Capital Announces Monthly Metrics for February 2014
 
BEDMINSTER, N.J., March 10, 2014 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP, "GAIN" or "the Company") today reported certain operating metrics for the month of February 2014.
 
Retail metrics
 
Retail OTC trading volume of $169.3 billion, a decrease of 20.3% from January 2014 and an increase of 17.9% from February 2013.
Average daily retail OTC trading volume of $8.5 billion, a decrease of 12.4% from January 2014 and an increase of 17.9% from February 2013. 
Active retail OTC accounts of 98,955, virtually unchanged from January 2014 and an increase of 62.3% from February 2013.
Futures Daily Average Revenue Trades (DARTs) 17,065, an increase of 11.7% from January 2014 and an increase of 15.8% from February 2013.
Total funded accounts of 133,044, virtually unchanged from January 2014 and an increase of 54.9% from February 2013.
 
Institutional metrics
 
Total institutional trading volume of $412.7 billion, a decrease of 16.4% from January 2014 and an increase of 34.9% from February 2013.
Average daily institutional volume of $20.6 billion, a decrease of 8.1% from January 2014 and an increase of 34.9% from February 2013.
GTX trading volume of $370.8 billion, a decrease of 15.2% from January 2014 and an increase of 21.2% from February 2013.
Average daily GTX volume of $18.5 billion, a decrease of 6.7% from January 2014 and an increase of 21.2% from February 2013.
 
 

About GAIN Capital 

 
GAIN Capital Holdings, Inc. (NYSE:GCAP) is a global leader of online trading services provision. GAIN's technology offers market access and automated trade execution across multiple assets, including Forex, contracts for difference (CFDs) and exchange-based products, to both retail and institutional investors.
Through its retail brand, FOREX.com, GAIN provides retail traders across the globe with access to various OTC financial markets. FOREX.com supports clients from more than 140 countries, with its products and services available in many languages, including English, Arabic, Chinese, Japanese, and Russian.  
GAIN Capital and its affiliates boast offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore and Beijing.
TAGS: gain capital  forex.com  forex.com broker  us forex broker  february  february 2014  operating metrics  forex volumes  retail forex  forex trading  institutional trading 

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