GAIN Capital Sees Significant Drop in Q3 Retail Trading Volumes

GAIN Capital on Friday reported its aggregated trading volumes for the third quarter, following the publication of its financial results. The group’s most recent retail volumes took a step back, continuing with a consecutive string of losses since ending the first quarter on a more positive note.

In particular, GAIN Capital’s retail clients transacted a total of $506 billion in Q3 2018, retreating 21.4 percent year-over-year from $645 billion in Q3 2017. The group’s average daily volumes (ADVs) came in at $7.8 billion in the last three months, down 21 percent over a yearly timetable from $9.9 billion per day in Q3 2017.

Meanwhile, active accounts in the retail OTC segment totaled 129,182 as of the end of September 2018, which is lower three percent on a yearly basis from 133,813 accounts the previous year.

In a different vein, futures trading rose last quarter to 1,622,114 contracts, corresponding to a gain of 6.8 percent year-over-year when weighed against 1,518,417 contracts in the year prior.

Business highlights, according to the company’s report, show the listed brokerage will remain focused on returning capital to shareholders through share repurchases and dividends, which amounted to $19.6 million year-to-date.

The US-based 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 provider is also still pressing ahead with plans to buy back up to $50 million of its common shares.

Also, data from the US securities regulator for August showed that Gain Capital lost more than $10 million in retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term deposits.

As is customary, the retail industry will maintain a lead focus at the 2018 Finance Magnates London Summit, with no shortage of sessions, panels, and workshops touching on these and other developments.