Gain Capital reports 18.6% rise of OTC trading volume from April

Gain Capital reports 18.6% rise of OTC trading volume from April

GAIN

Gain Capital, owner of major forex brokerage brands like Forex.com,  City Index, GTX, reported that its May over-the-counter (OTC) trading volume stood at $219.5 billion dollars, up 18.6% from April, but 1.7% lower than May 2016.

The average OTC daily volume of $9.5 billion, however, posted somewhat disappointing results, with a monthly increase of barely 2.2% and an annual decline of 6.9%. The number of active OTC accounts (Accounts that executed a transaction during the last 12 months) stands at 135 070 and is almost unchanged from April’s 135 918.

The institutional segment GTX sustains its improving performance both on monthly and annual basis. The ECN service reported a volume of $247.2 billion. This is 7.2% higher than April and the remarkable 63.2% more than in May 2016. The average daily volume stood at $10.7 billion, down 7% from April and 55.1% up from last May.

The swap dealership segment is reporting mixed results. In May its volume stood at $59.4 billion, which is 18.6% from the preceding month. On an annual basis, however, the service posts a 6% decline.

In May Gain Capital reported disappointing Q1 2017 results, but retained its optimism for the upcoming quarters. Also in May, Gain Capital launched a new affiliate program. Its retail brand Forex.com teamed up with TradingView to offer live and demo trading through the latter’s charts. On the last day of May Forex.com launched a new web-based trading platform.

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.

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