Do not invest more money than you can afford to lose.
After the 24% rise in its June trading volumes, mostly thanks to the Brexit-related volatility, GTX, the institutional forex arm of Gain Capital (NYSE:GCAP) reported that its July trading volumes dropped 16% from the previous month.
According to the data, the average daily trading volume (ADV) was $ 8.1 billion (15.6 % lower from June) and the total monthly volume of the electronic communication network (ECN) and the swap execution facility (SEF), reached USD 173.6 billion. In comparison to last July, however the ECN+SEF volumes this July were 11% higher.
GTX’s swap dealer, which is an agency voice service executing trades in all forex products, had a $2.4 billion ADV, thus bringing the total ADV of all GTX trading facilities to $10.5 billion.
The overall combined monthly trading volume of the three trading facilities offered by GTX in July was $223.3 billion, down 15.9% from June’s $265.6 billion.
Gain Capital, GTX’s parent company, is expected to report second quarter and first half results later this week.
Gain Capital Group was established in 2003 and went public on the NYSE in 2010. The company serves retail and institutional clients under the trading brands Forex.com, City Index, GTX, and Gain Capital. It is active in North America, Europe and the Asia Pacific regions. The broker offers trading in forex, commodities, and global equities. Its largest retail forex broker, Forex.com, also offers white label solutions for other forex brokers, operating throughout the world.
