Gain Capital’s GTX October FX volumes unchanged from September at $11.5 billion ADV

Welcome to November, LeapRate readers! Where did the summer go?

Beyond waving goodbye to the summer months for those of us in the northern hemisphere, November 1 also kicks off October volumes reporting for leading institutional and retail eFX venues.

First out of the gate is GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), which has reported that October FX volumes held steady coming in at $11.5 billion ADV, unchanged from September.

ECN and SEF trading at GTX saw volumes average $8.7 billion daily during October, up 2% from September.

GTX’s swap dealer business saw a 10% decrease during the month, to $2.8 billion ADV.

Full data table for October at GTX:


Note that the registered swap dealer is an agency voice service that executes trades in all FX products. GTX also operates GTX Swap Execution Facility (SEF), which currently supports NDF trading.

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