GAIN Capital’s OTC trading volume up 14% MoM in October

Gain Capital forex.com

The global provider of online trading services GAIN Capital Holdings, Inc. (NYSE: GCAP) has announced its operating metrics for the month of October 2019.

OTC Trading Volume for the retail segment was up 13.5% MoM last month to USD171.9b, however dropped 25.6% YoY.

OTC Average Daily Volume for the retail segment rose 4.2% MoM, yet again plunged 25.7% when compared to same period last year.

Number of Futures Contracts was 594,021 in October, almost no difference from September’s 603,382 (814,345 in October 2018).

LeapRate reminds that the US retail FX provider recently reported lower revenues in Q3, revealing GAAP net loss of $2.1 million, or loss of $0.06 per share (same period last year: net income of $10 million).

The complete report for October 2019 can be seen here.

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