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Screenshot of a breaking news alert e-mail from Q2 2017
GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported near-record trading volumes during the month of September, right on the heels of a record August for GTX – quite a surprise given the usually quiet nature of summer currency trading in the institutional world.
GTX reported total trading volumes of $341.7 billion in September or $16.3 billion ADV. On a total volumes basis that was down slightly, by 4%, from August’s record $357.3 billion, but on an average daily volume basis GTX saw volumes up to a record $16.3 billion versus $15.5 billion ADV in August, as there were less trading days in September.
|September 2017||Total Volume||ADV|
|ECN + SEF||278,971||13,284|
|% Change vs. August 2017||Total Volume||ADV|
|ECN + SEF||0%||9%|
|% Change vs. September 2016||Total Volume||ADV|
|ECN + SEF||50%||57%|
The data presented includes GTX’s swap dealer business which provides “voice” agency execution services, representing about 20% of total volumes.