LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
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 that May trading volumes in its system increased slightly from April, although they didn’t quite reach the record volumes GTX reported in March.
GTX saw total trading volumes of $306.5 billion in May, or $13.3 billion ADV, versus $280.7 billion in April. On an average-daily-volume basis, however, volumes were actually down slightly (5%) from April.
GTX saw a record $339.0 billion total and $14.7 billion ADV in March.
The data presented includes GTX’s swap dealer business which provides “voice” agency execution services, representing about 20% of total volumes.