GAIN Capital’s GTX sees November institutional FX trading volumes flat at $14.6 billion ADV

GTX forex volumes

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.

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