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Monthly declines are attributed to the holidays break and subdued volatility in most FX markets
GAIN Capital Holdings (NYSE:GCAP) has just released a press release about its December volume metrics and we are observing some consolidation following last month’s record institutional numbers. Not a big surprise considering that the rest of the big players are reporting subdued activity in the final month of 2013. Retail OTC volumes have come out at $153 billion daily, which is a decline by 8.8% from November but still higher by a full 64% on December 2012.
On the institutional front numbers did not fare much better with subdued volatility and liquidity not managing to encourage many big trading decisions in the final days of the year. The number on the institutional side stands at $384 billion with a decline of 10% from record highs marked in November. The year on year figures have almost doubled since December 2012, which is largely attributed to the GFT acquisition.
The number of active retail trading accounts stood at 98,696 which was mildly lower than in November by 3.7%. We shall downplay this decline as the holiday month was a quiet one despite the Federal Reserve announcing its tapering decision. It will be more curious to observe January figures that might get a boost from fresh data that has not been distorted by the government shutdown in October and some hot talk from the new Federal Reserve charwoman Janet Yellen.
For the full press release visit GAIN Capital’s website.
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