Gain Capital’s GTX August daily volumes recover, thanks to swap dealing facility

Gain Capital’s GTX August daily volumes recover, thanks to swap dealing facility

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After a very strong June, thanks to the Brexit-related volatility and a 16% decline in July, GTX, the institutional brokerage of Gain Capital (NYSE:GCAP) GTX, for August reported a monthly increase of 19.8%.

According to the data, the total average daily volume (ADV) volume was USD 9.7 billion. In comparison, this past July it stood at USD 8.1 billion. The total daily volume of GTX’s swap dealing facility, which is an agency voice service executing trades in all forex products, and its electronic communication network (ECN) and swap execution facility (SEF) volume was almost USD 222.7 billion over 23 trading days.

The best trading day was August 16 with a total volume of USD 16.9 billion and the worst – August 29 with barely USD 5.9 billion.

The ECN & SEF of GTX reported a daily volume of a little over USD 150 billion and was 13.5% lower compared to July. At the same time the swap dealership accounted for nearly USD 73 billion.

The ADV of the former stood at USD 6.5 billion, while the swap dealing facility’s ADV was USD 3.1 billion. Obviously, the increase in the total trading volume of GTX is thanks to the swap dealing facility whose ADV rose 29% from July.

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, 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,, also offers white label solutions for other forex brokers, operating throughout the world.

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