GAIN Capital Announced Q3 Metrics, Reports 52% Increase in Net Revenue

The NYSE listed FX broker, GAIN Capital Holdings, Inc. announced its Q3 2013 Metrics today, showing significant increases in revenues and trading volumes over same quarter last year. According to GAIN's report, the two main drivers of the growth were its institutional business and the acquisition of GFT in September 2013.

GAIN's institutional platform, GTX, which saw double-digit growth could be attributed to the strong rise in GAIN institutional business according to Glenn Stevens, the company's CEO. GTX's revenue was $6.9 million in the third-quarter, compared with $4.2 million in the third-quarter of 2012. GTX trading volume was $901.3 billion, compared with $503.6 billion a year earlier.

GAIN's retail OTC trading business in the third-quarter of 2013 generated increases, that the CEO explained was due to the successful Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of GFT, which provided GAIN with larger scale and significantly expanded their non-Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term product offerings. Retail trading brought in a revenue of $50.9 million, compared with $34.3 million in the third- quarter of 2012. Total trading volume was $394.8 billion, compared with $278.7 billion a year earlier. Total funded accounts totalled 131,068 compared with 82,411 a year earlier. "We believe GFT is a transformational acquisition for GAIN...GFT deepens our global footprint, with an increased presence in key European, Middle Eastern and Asian markets," Stevens said in a press release published today.

Key 3rd Quarter 2013 Metrics, compared to Q3 2012:

• Net revenue of $60.6 million, up 52% from $40.0 million, including $2.8 million of GFT revenue
• Adjusted EBITDA of $12.0 million, up 90% from $6.3 million
• Net income of $4.7 million, up 42% from $3.3 million.
• Retail OTC trading volume of $394.8 billion, up 42% from $278.7 billion
• Institutional trading volume of $901.3 billion, up 79% from $503.6 billion
• Total retail client assets of $684.1 million, up 60% from $426.6 million