GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported record trading volumes during the month of August – quite a surprise given the usually quiet nature of summer currency trading in the institutional world.
GTX reported total trading volumes of $357.3 billion in August or $15.5 billion ADV, up 33% and 21% respectively from $268.6 billion total and $12.8 billion ADV in July.
GTX’s previous record month was March 2017, at $339.0 billion total and $14.7 billion ADV.
| August 2017 | Total Volume | ADV | |
| ECN + SEF | 279,815 | 12,165.86 | |
| Swap Dealer | 77,497 | 3,369.41 | |
| Total | 357,311 | 15,535 | |
| % Change vs. July 2017 | Total Volume | ADV | |
| ECN + SEF | 32% | 21% | |
| Swap Dealer | 35% | 23% | |
| Total | 33% | 21% | |
| % Change vs. August 2016 | Total Volume | ADV | |
| ECN + SEF | 86% | 86% | |
| Swap Dealer | 19% | 19% | |
| Total | 66% | 66% |
The data presented includes GTX’s swap dealer business which provides “voice” agency execution services, representing about 20% of total volumes.