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Screenshot of a breaking news alert e-mail from Q2 2017
…. although Forex.com retail volumes remain about 50% above where they were last year.
Forex broker Gain Capital, which operates the retail Forex.com and institutional Gain GTX brands, reported that July forex volumes were down in July, for the second month in a row. Retail forex volume metrics were down from June by 8% to total $142 billion for the month, while institutional volumes dipped just 4% to $352 billion.
Despite the drops, volumes metrics at Gain Capital remain significantly above where they were last year. Retail volumes are about 50% higher, and institutional volumes 125% higher. And they should be heading even higher, all else being equal, once the Gain Capital acquisition of GFT closes, expected later this year.
Both Gain Capital (NYSE:GCAP) and rival FXCM (NYSE:FXCM) have seen their share prices go on a serious tear the past two months, hitting multi-year highs as Wall Street has woken up to the industry and become enamored with the prospects of the retail fx sector.