GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported record trading volumes during the month of August – quite a surprise given the usually quiet nature of summer currency trading in the institutional world.
GTX reported total trading volumes of $357.3 billion in August or $15.5 billion ADV, up 33% and 21% respectively from $268.6 billion total and $12.8 billion ADV in July.
GTX’s previous record month was March 2017, at $339.0 billion total and $14.7 billion ADV.
|August 2017||Total Volume||ADV|
|ECN + SEF||279,815||12,165.86|
|% Change vs. July 2017||Total Volume||ADV|
|ECN + SEF||32%||21%|
|% Change vs. August 2016||Total Volume||ADV|
|ECN + SEF||86%||86%|
The data presented includes GTX’s swap dealer business which provides “voice” agency execution services, representing about 20% of total volumes.