For the first quarter of 2019, GAIN Capital reported a net loss of $28.4 million. This is in comparison to the $11.9 million profit the company made during the same time period of the previous year. It also translates to a loss of $0.76 per share.
Net revenues for the period came in at $38.4 million. When measuring this against the first quarter of 2018, which achieved a net revenue of $98.4 million, this is lower by 61 percent.
OTC Volumes Fall in Q1 for GAIN Capital
Taking a look at GAIN’s retail segment, the total over-the-counter (OTC) trading volume for the quarter was $487.3 million. This figure is much lower than the $795.4 million trading volume the broker achieved in the first quarter of 2018 by 38.7 percent.
As the OTC trading volume fell year-on-year, so did the OTC average daily volume (ADV). Specifically, the OTC ADV reported in Q1 of 2019 was $7.7 million, which is 37.9 percent less than the same period last year, which had an ADV of $12.4 million.
Commenting on the weak results, Glenn Stevens, Chief Executive Officer of GAIN Capital said: "Despite unfavorable market conditions impacting our volume and RPM for the quarter, including the CVIX reaching a five year low with Eurodollar trading in its narrowest quarterly range on record, growth initiatives are beginning to bear fruit. Our increased Marketing investment delivered robust growth in new direct accounts, which were up 38%, even amid the challenging macro environment.
"We remain focused on our long-term goals and plan to invest in new client Acquisition and retention, leveraging our powerful brand assets, innovating the trading experience and increasing our focus on our top clients. We are confident that we are well positioned to benefit upon the return of more normal market conditions."
For the first quarter of 2019, GAIN Capital reported a net loss of $28.4 million. This is in comparison to the $11.9 million profit the company made during the same time period of the previous year. It also translates to a loss of $0.76 per share.
Net revenues for the period came in at $38.4 million. When measuring this against the first quarter of 2018, which achieved a net revenue of $98.4 million, this is lower by 61 percent.
OTC Volumes Fall in Q1 for GAIN Capital
Taking a look at GAIN’s retail segment, the total over-the-counter (OTC) trading volume for the quarter was $487.3 million. This figure is much lower than the $795.4 million trading volume the broker achieved in the first quarter of 2018 by 38.7 percent.
As the OTC trading volume fell year-on-year, so did the OTC average daily volume (ADV). Specifically, the OTC ADV reported in Q1 of 2019 was $7.7 million, which is 37.9 percent less than the same period last year, which had an ADV of $12.4 million.
Commenting on the weak results, Glenn Stevens, Chief Executive Officer of GAIN Capital said: "Despite unfavorable market conditions impacting our volume and RPM for the quarter, including the CVIX reaching a five year low with Eurodollar trading in its narrowest quarterly range on record, growth initiatives are beginning to bear fruit. Our increased Marketing investment delivered robust growth in new direct accounts, which were up 38%, even amid the challenging macro environment.
"We remain focused on our long-term goals and plan to invest in new client Acquisition and retention, leveraging our powerful brand assets, innovating the trading experience and increasing our focus on our top clients. We are confident that we are well positioned to benefit upon the return of more normal market conditions."
Dukascopy Money Market Products Offer Competitive Rates for USD, GBP, and EUR
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24