Gain Capital posts record-high institutional, 8-month high retail trading volumes in Nov 2016

Gain Capital posts record-high institutional, 8-month high retail trading volumes in Nov 2016

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US forex broker Gain Capital [NYSE:GCAP] reported on Monday its retail trading volume from over-the counter (OTC) operations amounted to $257 billion in November 2016, which is the highest since April. The figure represents a growth of 34.7% from the preceding month and 8.9% over the year.

Meanwhile, the broker posted a record-high institutional volume via electronic communication network (ECN) of $227.5 billion, posting a monthly increase of 24.6% and an annual growth of 69.6%.

Gain Capital’s daily trading volume last month stood at $11.7 billion in the retail OTC segment and at $10.3 billion in the institutional ECN sector. These represents significant growth both on an annual and monthly basis.


The broker handled 131,134 active OTC accounts in November, posting a slight decrease of 0.1% from October 2016 and a drop of 11.9% year-on-year.  Active futures accounts numbered 8,457 last month, or down by a monthly 0.7% and an annual 3.7%. The broker handled 691,324 futures contracts during the month, or a daily average of 32,920. The company provided no relevant data about the institutional segment.

For the institutional segment, Gain Capital said swap dealer trading volume was $88.2 billion. This represents a double-digit growth both over the month (50.9%) and on the year (10.3%). The average daily volume was also up to $4.0 billion.

Gain Capital’s main competitor, Forex Capital Markets (FXCM) is yet to publish monthly trading metrics for November.

Gain Capital operates under the trading brands and City Index for retail clients and GTX for institutional operations. It offers trading in forex, commodities, bonds, indices, and global equities, among others. It recently launched, a new international service for money transfers. The brokerage is active in North America, Europe and the Asia Pacific regions. It is regulated in the UK, the US, Australia, Singapore, Shanghai, Dubai, Hong Kong, and Japan.

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