GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that March trading volumes in its system increased nicely from what was a fairly quiet February.
2017 started off extremely strong at GTX, with record ECN / SEF volumes of $12.1 billion ADV in January. However trading activity cooled off somewhat during February, to $11.1 billion ADV. March clocked in at $11.8 billion, but with more trading days brought with it record total ECN / SEF volumes of $271.7 billion.
Overall, including GTX’s swap dealer business which provides “voice” agency execution services, total GTX volumes came in at $14.7 billion ADV, up from $14.2 billion in February.