GAIN Capital reports 19.2% downturn in retail FX volumes MoM

GAIN Capital Holdings, Inc. (NYSE: GCAP) today reported certain operating metrics for the month of November 2014.

Retail OTC trading volume during November amounted to $221.0 billion, a decrease of 19.2% from October 2014 and an increase of 30.3% from November 2013.

Average daily retail OTC trading volume for November this year stood at $11.1 billion, a decrease of 7.0% from October 2014 and an increase of 36.8% from November 2013.

Active retail OTC accounts during November amounted to 94,543, an increase of 0.4% from October 2014 and a decrease of 6.3% from November 2013.

Futures contracts of 511,429, a decrease of 37.4% from October 2014 and an increase of 14.9% from November 2013.

GAIN Capital reported an average number of futures contracts of 25,571, a decrease of 28.0% from October 2014 and an increase of 20.6% from November 2013, whilst total funded accounts stood at 133,131, an increase of 0.4% from October 2014 and an increase of 2.9% from November 2013.

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Total institutional trading volume also experienced a downturn to $391.2 billion, a decrease of 10.6% from October 2014 and a decrease of 9.0% from November 2013.

Average daily institutional volume for the month of November came in at $19.6 billion, an increase of 2.8% from October 2014 and a decrease of 4.5% from November 2013.

GAIN Capital’s GTX division reported a trading volume of $366.7 billion, a decrease of 7.8% from October 2014 and a decrease of 4.1% from November 2013, with average daily GTX volume standing at $18.3 billion, an increase of 6.0% from October 2014 and an increase of 0.7% from November 2013.

This operating data is preliminary and subject to revision and should not be taken as an indication of GAIN’s financial performance. GAIN undertakes no obligation to publicly update or review previously reported operating data.

For the full announcement from GAIN Capital, click here.

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