GAIN Capital sets another retail FX monthly record during October, whilst institutional volumes level off


North American multinational FX firm GAIN Capital (NYSE:GCAP)  has today reported its monthly trading metrics for October 2014, which depict a remarkable 14.4% rise to $273.4 billion in retail OTC volumes compared with September this year’s record $238.9 billion.

October’s increase in volumes over last month’s leap over the $200 billion mark represents a rise of 45.2% from volumes achieved in October 2013.

Average daily retail OTC trading volume of $11.9 billion, which is an increase of 9.5% from September 2014 and an increase of 45.2% from October 2013, and the company completed October with active retail OTC accounts of 94,204, which is an increase of 0.5% from September 2014 and a decrease of 9.2% from October 2013.

The number of futures contracts traded in October this year at GAIN Capital was 816,501, an increase of 25.5% from September 2014 and an increase of 53.8% from October 2013, with an average daily amount of futures contracts standing at 35,500, an increase of 20.1% from September 2014 and an increase of 53.8% from October 2013.

GAIN Capital had a total amount of funded accounts standing at 132,561 during October this year, an increase of 0.4% from September 2014 and an increase of 3.2% from October 2013.

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Institutional metrics

Whilst the retail FX volumes continue to make substantial rises, GAIN Capital’s institutional business experienced a minor downturn of 0.9% in total institutional trading volume to $437.6 billion, compared with $441.5 billion in September 2014. This can be considered a mere leveling off of rising fortunes, however, as last month represented a giant 28.1% increase in institutional volumes compared with August 2014, therefore rendering this month’s figure of no concern to the company. Furthermore, this figure represents an increase of 49.7% from October 2013.

Average daily institutional volume for October stood at $19.0 billion, a decrease of 5.2% from September 2014 and an increase of 49.7% from October 2013, and GTX trading volumes weighed in at $397.8 billion, a decrease of 1.6% from September 2014 and an increase of 60.4% from October 2013.

Average daily GTX volumes in October this year amounted to $17.3 billion, a decrease of 5.9% from September 2014 and an increase of 60.4% from October 2013.

For the full report from GAIN Capital, click here.

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GAIN Capital sets another retail FX monthly record during October, whilst institutional volumes level off

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