Gain Capital Retail FX volumes recover slightly in September to $208 billion


Global retail forex broker GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported certain operating metrics for the month of September 2016.

Retail Segment Metrics

  • OTC average daily volume of $9.4 billion, an increase of 13.2% from August 2016 and a decrease of 40.3% from September 2015.
  • OTC trading volume of $207.8 billion, an increase of 8.3% from August 2016 and a decrease of 40.3% from September 2015.
  • Active OTC accounts of 133,009, a decrease of 1.9% from August 2016 and 11.2% from September 2015.

Institutional Segment Metrics

  • ECN average daily volume of $8.5 billion, an increase of 29.8% from August 2016 and 28.7% from September 2015.
  • ECN volume of $186.3 billion, an increase of 24.1% from August 2016 and 28.7% from September 2015.
  • Swap Dealer average daily volume of $3.1 billion, a decrease of 2.5% from August 2016 and an increase of 15.9% from September 2015.
  • Swap Dealer volume of $67.7 billion, a decrease of 6.8% from August 2016 and an increase of 15.9% from September 2015.

Futures Segment Metrics

  • Futures average daily contracts of 31,873, an increase of 12.7% from August 2016 and a decrease of 16.3% from September 2015.
  • Futures contracts of 669,340, an increase of 2.9% from August 2016 and a decrease of 16.3% from September 2015.
  • Active futures accounts of 8,594, a decrease of 0.5% from August 2016 and an increase of 0.3% from September 2015.
Glenn Stevens
Glenn Stevens

Glenn Stevens, Chief Executive Officer, commented:

Q3 2016 was marked by lower volatility and narrow average true ranges for many products, which resulted in lower customer engagement and a decrease of GAIN’s quarterly retail revenue per million of nearly 30% below our 1H 2016 levels. The decline in volatility and customer engagement impacted much of the retail industry with GAIN and its competitors showing significant declines in quarterly volumes.

However, we have seen a significant increase in volatility and engagement in early October and expect this to continue over the course of Q4 and into FY 2017 as a result of Brexit concerns, the US presidential election and continued uncertainty relating to global interest rates,” concluded Mr. Stevens.

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Gain Capital Retail FX volumes recover slightly in September to $208 billion

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