de | cn | ru

Brokers News

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 

More news about Forex.com

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$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
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

More Forex Brokers News

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

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

de | cn | ru