GAIN Capital’s GTX sets (more) daily and monthly institutional FX volume records in February 2018

GTX forex volumes

Another month, another volume record.

Continuing what has been a very strong start to the year with record FX trading volumes reported in January, GTX – the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) – has reported that it beat those figures handily in February, and by a wide margin.

GTX ECN set an average daily volume record of $16.1 billion in February, beating the $13.9 billion record from last month by 16%. A total monthly ECN FX volume record of $322.7 billion was also set in February, despite the fewer number of trading days, beating January’s $305.0 billion. Heading into 2018, GTX’s previous record of $279.8 billion dates to August 2017.

February 2018 Total Volume ADV
ECN + SEF             322,746          16,137.31
Swap Dealer               53,702            2,685.11
Total            376,448              18,822
% Change vs. January 2018 Total Volume ADV
ECN + SEF 6% 16%
Swap Dealer -4% 6%
Total 4% 15%
% Change vs. February 2017 Total Volume ADV
ECN + SEF 46% 46%
Swap Dealer -13% -13%
Total 33% 33%

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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