Both Forex.com (retail) and GTX (institutional) saw rising volumes in August, though still below Jan-Jun metrics. After seeing August volumes drop by 20%, US forex broker Gain Capital did see some improvement in September, as overall forex trading volumes rose 4% to $409 billion -- $130 billion at Forex.com and $279 billion at Gain GTX.…
Read moreGain is finally beginning to see nice returns from its Gain GTX institutional business. We had already reported on Gain Capital's (nice!) Q1 results, which were pre-announced by Gain two weeks ago when Gain rejected FXCM's hostile takeover bid, and instead announced its own acquisition of GFT. Nevertheless, we did learn some new things about…
Read moreGain Capital also faces shrinking margins in its key retail FX business. U.S.-based retail Forex broker Gain Capital (Forex.com) reported its Q4 results today, and they were not pretty. Gain reported its largest quarterly net loss as a public company, $4 million (left chart below), and an EBITDA loss of $5 million, also a quarterly…
Read moreRetail volumes down, Revenues down, EBITDA and Net Loss.....
Read more... but still sees falling retail volumes, when others are rising.
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