GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported flat trading volumes during the month of November – like October, slightly down from the near-record trading volumes seen during the months of August and September.
GTX reported total trading volumes of $321 billion in November, down slightly (less than 1%) from $323 billion in October. On an average daily volume basis, November volumes at GTX were $14.6 billion versus $14.7 billion ADV in October.
| November 2017 | Total Volume | ADV | |
| ECN + SEF | 267,685 | 12,167 | |
| Swap Dealer | 52,816 | 2,401 | |
| Total | 320,500 | 14,568 | |
| % Change vs. October 2017 | Total Volume | ADV | |
| ECN + SEF | 7% | 7% | |
| Swap Dealer | -27% | -27% | |
| Total | -1% | -1% | |
| % Change vs. November 2016 | Total Volume | ADV | |
| ECN + SEF | 18% | 18% | |
| Swap Dealer | -40% | -40% | |
| Total | 2% | 2% |
The data presented includes GTX’s swap dealer business which provides “voice” agency execution services, representing about 20% of total volumes.