Gain Capital’s May retail, institutional trading volumes collapse

Gain Capital’s May retail, institutional trading volumes collapse

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Gain Capital, the second largest forex broker in the US by retail trading volume and client assets, reported on Friday its preliminary trading volumes for May both in the retail and institutional segments surged down both over the month and on an annual basis, posting the lowest values since the beginning of 2016.  

The broker reported a trading volume from over-the-counter retail operations of $223.4 billion in May, which represents a monthly decline of 12.7%. The figure is just slightly higher from Gain Capital’s 2015 lowest monthly trading volume of $223 billion that the broker generated in February. The daily retail trading volume in May stood at an average $10.2 billion, posting a double-digit drop on a monthly and annual basis of 16.6% and 41.5%, respectively.

Meanwhile, institutional trading volume from electronic communication network (ECN) operations went down by7.2% over the month to$151.5 billion last month. On average, the volume was $6.9 billion per day, or down by 11.4% on the month and 6.5% over the year.

Retail trading volume

Y/Y change

Institutional trading volume

Y/Y change


$318.7 billion


$188.5 billion



$276.3 billion


$174.0 billion



$266.7 billion


$169.1 billion



$255.8 billion


$163.2 billion



$223.4 billion


$151.5 billion


Over the year, retail volume also posted a significant fall of 38.7%, while institutional volume went down by just 2.0%.

Retail OTC active accounts also went down in May to138,955. Month-on-month such accounts posted a sligh decrease of 0.9%, while if compared to  year earlier the drop was 5.9%.

For the institutional segment, Gain Capital also published data about the swap dealer activity, which had an average daily trading volume of $2.9 billion, or a monthly total of $63.2 billion. Meanwhile, it handled of 729,614 futures contracts in April, or on average 34,744 per day.

In comparison, the trading volumes of Forex Capital Markets (FXCM), which is Gain Capital’s main competitor, also declined in May. The broker generated a volume from retail operations of $280 billion and additional $50 billion from institutional clients.

New Jersey-based GAIN Capital has global presence across 180 countries in North America, Europe and the Asia Pacific regions. The broker serves retail and institutional clients alike on the exchange-traded and OTC markets, using the trading brands, City Index, GTX, and Gain Capital. It offers trading in forex, commodities, bonds, indices, and global equities, among others.

The brokerage has, through its subsidiaries, licenses from the relevant authorities in the US, the UK, Canada, Australia, Hong Kong, Singapore, and Japan.

Recently, its unit GTX SEF received a status as a fully-regustered Swap Execution Facilities (SEFs).

Source: Gain Capital

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