GAIN Capital posts record retail trading volumes of $375.7B in June 2015


Gain Capital Holdings Inc (NYSE:GCAP), a major provider of online trading services, has just reported its operating metrics for June 2015, with the month turning out to be particularly successful for the retail FX business of the group.

Retail Forex volumes marked a record of $375.7 billion, contributing to a record in overall trading volumes last month – $830.6 billion. Institutional volumes were also robust, staging a rise in monthly terms.

Let’s examine the particular metrics.

Retail Metrics

  • Retail OTC trading volume of $375.7 billion, an increase of 12.2% from May 2015 and 126.2% from June 2014.
  • Average daily retail OTC trading volume of $17.1 billion, an increase of 7.1% from May 2015 and 115.9% from June 2014.
  • Active retail OTC accounts of 148,730, an increase of 0.8% from May 2015 and 57.8% from June 2014.

Institutional Metrics

  • Total institutional trading volume of $454.9 billion, an increase of 16.5% from May 2015 and a decrease of 5.2% from June 2014.
  • Average daily institutional volume of $20.7 billion, an increase of 11.2% from May 2015 and a decrease of 9.5% from June 2014.
  • GTX trading volume of $418.8 billion, an increase of 16.0% from May 2015 and a decrease of 6.1% from June 2014.
  • Average daily GTX volume of $19.0 billion, an increase of 10.7% from May 2015 and a decrease of 10.4% from June 2014.

gain_volumes_chart_eng

Exchange-based Futures Metrics

  • Futures contracts of 695,911, an increase of 2.7% from May 2015 and 34.2% from June 2014.
  • Average daily futures contracts of 31,632, a decrease of 6.6% from May 2015 and an increase of 28.1% from June 2014.

Management Commentary

“GAIN’s operating metrics continue to exhibit positive monthly and annual growth following the closing of our acquisition of City Index on April 1”, commented Glenn Stevens, CEO.

“In our retail business, volumes increased 12.2% in June from the prior month and average daily volume reached a new high of $17.1 billion. Retail revenue capture during the quarter was challenging, however, coming in towards the lower end of the range of the last four quarters, which was $70 to $116 per million, primarily due to lower volatility in indices and commodities. The integration of City Index is on track, and we expect to achieve the previously disclosed annual run-rate cost savings of $40-$45 million by 2017,” Glenn Stevens said.

To view the official announcement by GAIN Capital, click here.

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GAIN Capital posts record retail trading volumes of $375.7B in June 2015

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