Gain Capital’s ECN platform GTX reports higher forex volumes in September

Gain Capital’s ECN platform GTX reports higher forex volumes in September

The September trading volumes of GTX, the institutional arm of the US forex broker Gain Capital (NYSE:GCAP), continue to rise after their recovery that started in August. Back then it was mostly thanks to the swap dealership, while the electronic communication network (ECN) and swap execution facility (SEF) volumes posted a significant decline.

According to the company data, the total monthly volume in September of GTX’s swap dealing facility, which is an agency voice service executing trades in all forex products, and its ECN and SEF volume was almost USD 254 billion over 22 trading days. This is 14% higher than that of August, when the volume stood at USD 222.7 billion.

The total Average Daily Volume (ADV) of all GTX facilities was USD11.5 billion. Overall, the best trading day was September 21, when the total volume stood at USD 15.799 billion and the worst – September 5, with 6.029 billion.

The ECN & SEF of GTX  reported ADV of USD 8.5 billion, up 30% from August, when the two networks posted a 13.5% decline from July.

The swap dealership, which was the main driver behind August’s growth, however, posted a 3% decline on a monthly basis and had an ADV of USD 3.1 billion.

Last week GTX announced it is launching two new matching engines for its ECN. They are based in London and Tokyo, in addition to that in New Jersey.

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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