GTX sees second best ever month for FX trading volumes in September 2017 at $342 billion, $16.3B ADV


GTX forex volumes

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
Swap Dealer               62,759                 2,989
Total            341,730              16,273
% Change vs. August 2017 Total Volume ADV
ECN + SEF 0% 9%
Swap Dealer -19% -11%
Total -4% 5%
% Change vs. September 2016 Total Volume ADV
ECN + SEF 50% 57%
Swap Dealer -7% -3%
Total 35% 41%

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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GTX sees second best ever month for FX trading volumes in September 2017 at $342 billion, $16.3B ADV

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