The December forex trading metrics of the major US forex broker Gain Capital (NYSE:GCAP) took a considerable fall from November, shows the official company report.
According to the data, the over-the-counter (OTC) average daily volume amounted to $8.6 billion and the total December volume was $189.1 billion. This is a 26.4% drop from November 2016 and 33.4% decline from December 2015.
The number of active OTC accounts also fell – 1.6% from November 2016 and 12.2% from December 2015, to 129 036.
Gain Capital’s institutional segment – GTX did not fare much better in December. The average daily volume on the ECN platform was $9.2 billion, amounting to a total of $202.1 billion for the entire month. This is 11.2% less than in November 2016. When compared to December 2015, however, GTX’s ECN volume posted a 36% increase.
The Swap Dealer daily average was $3.2 billion and the total reached $70 billion. Similarly to the ECN platform, the comparison to November 2016 shows a decrease of 20.7% and a 20.3% rise from December 2015.
The futures segment of Gain Capital posted a 20.5% drop from November and 21.2% decline from December.
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.