Gain Capital retail volumes increase 31% YOY – Institutional biz remains steady


Volume is looking quite healthy for GAIN Capital…

Gain Capital has issued their March monthly metrics today in a press release with jumps in m/m and y/y data, you can view the numbers below:

Retail metrics

  • Retail OTC trading volume of $184.6 billion, an increase of 9.0% from February 2014 and an increase of 31.1% from March 2013.
  • Average daily retail OTC trading volume of $8.8 billion, an increase of 3.9% from February 2014 and an increase of 31.1% from March 2013. 
  • Active retail OTC accounts of 98,614, no change from February 2014 and an increase of 57.5% from March 2013.
  • Futures Daily Average Revenue Trades (DARTs) 28,727, an increase of 68.3% from February 2014 and an increase of 114.3% from March 2013.
  • Total funded accounts of 138,307, an increase of 4.0% from February 2014 and an increase of 38.3% from March 2013.

Institutional metrics

  • Total institutional trading volume of $441.7 billion, an increase of 7.0% from February 2014 and an increase of 63.9% from March 2013.
  • Average daily institutional volume of $21.0 billion, an increase of 1.9% from February 2014 and an increase of 63.9% from March 2013.
  • GTX trading volume of $404.2 billion, an increase of 9.0% from February 2014 and an increase of 50.0% from March 2013.
  • Average daily GTX volume of $19.2 billion, an increase of 3.8% from February 2014 and an increase of 50.0% from March 2013.

Gain’s stock (NYSE:GCAP) finished up 3.35% for Wednesday’s trading to settle at $10.50. The numbers for March were released just as we learned this past Monday GAIN Capital acquired British CFD advisory service Galvan Research in an attempt to beef up its value added services to clients. The move should help retain and grow accounts which will in turn effect volumes and revenues, we will see how exactly they roll out that offering. Now we will have to wait and see in the next few reports if the positive trend continues.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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Gain Capital retail volumes increase 31% YOY - Institutional biz remains steady

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