Gain Capital Holdings Inc (NYSE:GCAP) has just reported its operating metrics for the month of July 2018. After a very strong first half of the year, the numbers begin 2H-2018 a little slower at FOREX.com and City Index, Gain’s two main Retail trading brands, though mainly due to typically slow summer trading and quieter market conditions as CEO Glenn Stevens mentioned in his commentary on the report (see below).
Retail volumes declined by 15% from June 2018, coming in at $182 billion.
Number of Futures Contracts were down by 21% MoM to 491,287.
In its Q2-2018 report, Gain Capital has restated historical figures due to the sale of the company’s institutional FX division GTX, which was acquired during Q2 by Deutsche Boerse AG’s 360T for $100 million. The company has also discontinued its FOREX.com money transfer business.
Gain Capital CEO Glenn Stevens said of the data:
While active accounts remained stable in the period, trading activity in July was impacted by quieter market conditions, with GVIX as a measure of market volatility reducing 18% month over month.
The complete Gain Capital volumes report for July 2018 can be seen here.