Gain Capital’s second best month ever in terms of total FX trading volumes.
Similar to what we’ve already seen at leading global FX brokers Saxo Bank, FXCM Alpari GMO Click, Gain Capital (which as we reported earlier is now beginning to report monthly volumes) also registered solid numbers in April 2013. Retail volume came in at $145.8 billion, up 4% from March. Institutional volumes came in at an all-time record for Gain at $315.8 billion, up 17% increase from March.
Note that these figures do not yet reflect Gain’s acquisition of GFT, which is still pending. Adding in GFT should give a further $50-75 billion per month boost to Gain’s retail numbers.
Gain Capital shares have recovered nicely over the past week, completing a wild 6-week roller coaster ride, as per below. Gain’s shares soared in early April after FXCM made a hostile bid to buy the company, then dropped by 20% after Gain Capital’s acquisition of GFT and FXCM dropped its bid for Gain Capital. However investors seem to be holding out more hope for the again-independent Gain Capital, bidding its shares back up to $5.30, almost where they were at the peak of the FXCM attempted takeover.
Gain Capital share price, from beginning of April. Source: Google Finance:
For the full Gain Capital press release click here.
Forex Industry Report