Gain Capital, owner of the retail forex brokerage brands Forex.com, City Index and the institutional GTX, reported that its over-the-counter (OTC) forex volumes in June stood at $241.8 billion. This is 10.2% higher than the May volumes and a 4.4% year-on-year increase.
The average daily volume grew even more on a monthly basis – by 15.8%, to $11 billion. The increase over the year is 4.8%.
At the same time, however, the number of over-the-counter active accounts (Accounts that executed a transaction during the last 12 months) dropped by 0.7% from May, to 134,120.
Unfortunately, the June performance of the institutional branch of Gain Capital – GTX – was not that stellar. The data shows that the ECN trading volume stood at $238.1 billion, down 3.7% from May. On an annual basis, however, it grew 12.2%.
The swap dealership volume dropped 46.1% from May, to $32 billion. In comparison to last June, the volume fell 40.1%.
The futures segment also declined 19.9% year-on-year, but rose 10.3% over the month, to 582,598 futures contracts.
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.