GAIN Capital’s October FX volumes up 55% to $231 billion

Gain Capital

After reporting multi-year lows in trading volumes in September, data from Retail FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) indicate that the company had a very nice rebound in October, with volumes up 55% MoM, coming in at $231 billion.

October activity at GAIN Capital, which operates the and City Index retail forex brands, was actually the company’s best since May 2018.

During October GAIN Capital announced Q3 results which included a 13% rise in Revenues (despite lower volumes). The company also announced a plans for a $50 million share buyback, which was completed last week with a total of 6,377,551 shares acquired at a price of $7.84 per share.

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