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|
|% Change vs. January 2018||Total Volume||ADV|
|ECN + SEF||6%||16%|
|% Change vs. February 2017||Total Volume||ADV|
|ECN + SEF||46%||46%|
The data presented includes GTX’s swap dealer business which provides “voice” agency execution services, representing about 20% of total volumes.