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

Retail 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 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 calm month of September. A total of $231.2 billion have been transacted via GAIN Capital in October.

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.

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

Growth Across the 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 percent year-on-year.

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 Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term. GAIN Capital reported a massive spike of 55 percent 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 percent 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.