Gain Capital reports positive April 2013 results, institutional volume at all time high

Gain Capital started reporting monthly metrics for the first time in April 2013 showing better results in most parameters. Retail volume was slightly higher in April 2013 than the month before with client assets nearing half a billion dollars and institutional volume at all times high. This continues the trend of peak results since 2013 started with the first four months of the year better than whole of 2012 for some brokers.

BEDMINSTER, N.J., May 16, 2013 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP) ("the Company"), a leading global provider of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term services, today reported operating activity for the month of April 2013.

Retail metrics

• Retail OTC trading volume[1] of $145.8 billion, an increase of 3.6% from March 2013 and an increase of 25.9% from April 2012.
• Average daily retail OTC trading volume was $6.6 billion, a decrease of 1.5% from March 2013 and an increase of 20% from April 2012.
• Active retail OTC accounts[2] totaled 63,609, an increase of 1.6% from March 2013 and an increase of 2.8% from April 2012.
• Futures Daily Average Revenue Trades[3] (DARTs) were 14,773, an increase of 10.2% from March 2013.
• Total funded accounts[4] were 98,959, a decrease of 1.1% from March 2013 and an increase of 33.7% from April 2012.
• Total retail customer assets[5] were $457.0 million, representing levels consistent with March 2013 and an increase of 37.5% from April 2012.

Institutional metrics

• Total institutional trading volume[6] was $315.8 billion, an increase of 17.2% from March 2013 and an increase of 103.0% from April 2012.
• Average daily institutional volume was $14.4 billion, an increase of 12.5% from March 2013 and an increase of 94.6% from April 2012.

Management Comment

"We are pleased to report that our positive momentum continued in April, with sequential and year-on-year volume growth across all our business lines, as improving market conditions helped boost client engagement," said Glenn Stevens, CEO of GAIN Capital. "These factors, combined with our pending 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 is on track to close in the third quarter, put us in a strong position to capitalize on more favorable market conditions."

Below is the chart showing Gain Capital's retail and institutional monthly volume in $ billions since January 2012: