Breaking: GAIN Capital’s Trading Volumes Spike 20% YoY

Breaking: GAIN Capital’s Trading Volumes Spike 20% YoY

November 9, 2018

Retail forex and CFDs brokerage GAIN Capital has posted an increase in trading volumes. Moreover, the company has done so despite a decline in the number of active accounts.

The OTC trading volumes numbers for October are drastically different from the benign month of September. A total of $231.2 billion have been transacted via GAIN Capital in September.

The figures are higher by a whopping 54.5 percent when compared to September. Looking on a year-on-year basis, the number is once again higher by 20.1 percent.

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The figures come as quite the surprise considering the new ESMA regulations in the EU.

Growth Across to Board

The average daily numbers are also quite bullish. An average of $10.1 billion per day changed hands in October. The figure is higher by 34.7 percent month-on-month and by 14.8% year-on-year.

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As mentioned, the number of active accounts declined when compared to a year ago. On a 12-month trailing basis, the figure dropped 4.9 percent when compared to the same period of 2017 to 127,054.

Three-month trailing accounts were lower by 13.9 percent to 70,225. Both figures were lower when compared to September too: by 1.6 and 1.9 percent.

The futures segment performed particularly well, which is understandable considering recent volatility. GAIN Capital reported a massive spike of 55% when compared to last October to mark 814,345 contracts traded. The figure was also higher when compared to last month by 46.8 percent.

Average daily futures volumes came in at 35,406 contracts daily. The number is higher by 21.3 percent when compared to September and by 48.5% when compared to last year. 

GAIN Capital has either been very successfully focusing on its business outside of the EU, or clients of the company have managed to reclassify to professionals. Either way, it seems that the company managed to prepare for the ESMA regulatory shift very well.

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