Gain Capital’s retail, institutional volumes post double-digit monthly drop in Feb 2017

Gain Capital’s retail, institutional volumes post double-digit monthly drop in Feb 2017

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US forex broker Gain Capital [NYSE:GCAP] reported for February 2017 a preliminary trading volume of $170.2 billion from over-the-counter (OTC) retail activities and $221.6 billion in the institutional electronic communication network (ECN) segment. Compared to a month earlier, both figures represent a double-digit drop.

Year-on-year, however, last month’s retail volume dropped 38.4% and the institutional one posted an increase of 27.4%.

Gain Capital’s February daily trading volume averaged $8.5 billion in the retail OTC segment and at $11.1 billion in the institutional ECN sector. The figures represent double-digit growth from a month earlier.

The broker also provided data for the institutional segment regarding swap contracts.  Their trading volume was $61.5 billion in February, or down by 36.3% on the month and 3.9% over the year.

Meanwhile, the broker handled last month 589,538 futures contracts. The figure represents a monthly decrease of 8.4% and an annual drop of 20.3%.

Gain Capital clients operated 133,027 active retail OTC accounts (up 4.6% m/m and down 7.4% y/y), as well as 8,221 active futures accounts (down 1% m/m and 6.8% y/y). No relevant data was provided for the institutional segment.

On 24 February, Gain Capital completed the planned transfer of all US clients of peer FXCM, which exited the US market. The broker added more than 47,000 customer accounts, but whether that was reflected in the monthly metrics was not specified.

Earlier on Friday we informed you that Gain Capital reported a significant growth of 243% in consolidated net income for 2016. It also hinted of possible further plans for mergers and acquisitions, but provided no details.

Gain Capital operates under the trading brands and City Index for retail clients and GTX and Gain Capital for institutional operations. It offers trading in forex, commodities, bonds, indices, and global equities, among others. It is active in North America, Europe and the Asia Pacific regions.

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