GAIN Capital reports operating metrics for August 2016, ECN average daily volume drops 21.1% MoM


After the announcement that August FX volumes decreased by 5% YoY, GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported certain operating metrics for the month of August 2016.

Retail Segment Metrics

OTC average daily volume of $8.3 billion, a decrease of 17.6% from July 2016 and 54.9% from August 2015.
OTC trading volume of $191.9 billion, a decrease of 9.8% from July 2016 and 50.6% from August 2015.
Active OTC accounts of 135,634, a decrease of 2.4% from July 2016 and 10.0% from August 2015.

Institutional Segment Metrics

ECN average daily volume of $6.5 billion, a decrease of 21.1% from July 2016 and 8.4% from August 2015.
ECN volume of $150.1 billion, a decrease of 13.6% from July 2016 and an increase of 0.3% from August 2015.
Swap Dealer average daily volume of $3.2 billion, an increase of 33.3% from July 2016 and 3.8% from August 2015.
Swap Dealer volume of $72.6 billion, an increase of 46.0% from July 2016 and 13.7% from August 2015.

Futures Segment Metrics

Futures average daily contracts of 28,271, a decrease of 4.6% from July 2016 and 19.5% from August 2015.
Futures contracts of 650,230, an increase of 9.7% from July 2016 and a decrease of 11.9% from August 2015.
Active futures accounts of 8,638, a decrease of 0.9% from July 2016 and 2.3% from August 2015.

Glenn Stevens, Chief Executive Officer, commented:

August average daily volume was significantly lower and is the result of reduced market volatility which has impacted many of the retail brokers in our industry. We expect that the lead-up to the US presidential election and continued uncertainty relating to global interest rates will lead to a return of volatility and subsequent improvement in average daily volumes in line with levels seen in early 2016.”

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GAIN Capital reports operating metrics for August 2016, ECN average daily volume drops 21.1% MoM

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