GAIN Capital Reveals 10% Drop in November Trading Volumes

GAIN Capital Holdings, Inc. (NYSE: GCAP) has just reported its aggregated trading volumes for November 2018. The group’s most recent retail volumes took a step back during the month, compared to ending October on a more positive note.

In particular, GAIN Capital’s retail clients transacted a total of $207.2 billion in November 2018, retreating 10 percent month-over-month from 231.2 billion in October 2018. Over a yearly timetable, GAIN’s latest retail OTC volume was almost unchanged from $207 billion in November 2017.

The group’s average daily volumes (ADVs) came in at $9.4 billion in November 2018, down seven percent month-over-month from $10.1 billion per day in October 2018, but the figure was also neutral on a yearly basis.

Meanwhile, active accounts in the retail segment totaled 123,932 in November 2018, which is lower 2.5 percent on a monthly basis from 127,054 accounts in October 2018. This reading is also lower relative to November 2017, shedding nearly six percent year-over-year.

Solid Financials for Q2

Finally, futures trading dropped sharply last month to 654,077 contracts, corresponding to a loss of 20 percent month-over-month when weighed against 814,345 contracts in the month prior.

Last month, Gain Capital reported its financial results for the third quarter of 2018. The company’s financials saw a year-on-year advance in revenues for the quarter.

GAIN’s net revenues for Q3 2018 came in at $95.5 million, constituting a gain of 30 percent compared to $73.8 reported back in the July-September quarter of 2017. Over a quarterly basis, the company revenue was also higher 42 percent from $67.1 million the previous quarter.

In terms of Gain Capital’s bottom line, the quarterly net income from continuing operations achieved $10.0 million, or $0.22 per share, compared to an adjusted net loss of $3.1 million in the third quarter of 2017.