GAIN Capital Reports Mixed August 2015 Volumes, GTX Decline Continues

GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported its volumes for the month ending August 2015, having undergone a mixed performance across both its retail and institutional business, according to a GAIN statement.

Last month, GAIN Capital saw a slump in both its institutional and retail volumes during July 2015, which came in at -7.0% MoM and -6.1% respectively relative to June 2015.

For the month ending August 2015, GAIN Capital’s retail OTC trading volume was reported at $354.3 billion, good for a marginal increase of 0.5% MoM from $352.7 million in July 2015. Across a yearly timeframe however, August 2015 showed a more substantiated jump of 93.3% YoY from August 2014.

Additionally, the average daily retail OTC trading volume during August 2015 came in at $16.9 billion, rising 10.5% from $15.3 billion in July 2015, coupled with a 93.3% YoY surge from August 2014. Finally, active retail OTC accounts were numbered at 150,644 in August 2015, undergoing a slight 1.3% MoM rise from July 2015.

Institutional Business in Retreat

In terms of its institutional metrics, GTX total trading volume was reported at $363.0 billion, incurring a decline of -6.9% MoM from $390.1 billion in July 2015 – conversely, this figure was offset by a 12.8% YoY rise from July 2014.

Furthermore, the average daily institutional volume at GTX came in at $17.3 billion during August 2015, growing 1.9% MoM from $17.0 billion in July 2015 and 12.8% YoY from July 2014.

Ahead of the US open Tuesday, GAIN Capital's (NYSE:GCAP) share price was steady at $7.39 during premarket trading. The stock has undergone a depreciation from a 52-week high of $10.38 this past June, having since made several attempts at the $7.00 handle.