GAIN Capital Holdings Reports Record $102.8 Million Q3 Net Revenues

GAIN Capital Holdings (NYSE:GCAP) has released its third-quarter results ending September 30, 2014, which illustrated an explosion of net revenues, coming in at a record $102.8 million or 69% growth YoY.

Earlier today, GAIN Capital Holdings (NYSE:GCAP) announced its acquisition of City Index for $118 million. The deal will help combine the two firms, bridging FX, spread betting and CFD services.

These figures follow after GAIN Capital Holdings (NYSE:GCAP) reported a slight -5% loss of revenue during Q2, yielding only $69.7. By this measure, Q3 figures were far more upbeat, establishing a record $102.8 million, compared to just $60.8 million in Q3 2013.

In addition, adjusted EBITDA Q3 2014 yielded $26.6 million, which corresponds to a YoY increase of 120% from $12.1 million in Q3 2013. Net income came in at $14.7 million, or $0.32 per diluted share, up 163% from $5.6 million, or $0.14 per diluted share a year earlier.

Finally, cash earnings per share also underwent triple digit growth, swelling 124% YoY. GAIN Capital Holdings (NYSE:GCAP) is slated to review its full Q3 results in full on Thursday, November 6, 2014, during a scheduled conference call at 8:00AM EST.

Volumes at GAIN Capital Holdings have been growing steadily in the third-quarter of 2014, with the fourth quarter unlikely to be underperforming after the Bank of Japan unleashed another round of its quantitative and qualitative easing policy today, underpinning Japanese yen 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.