GAIN Capital Sees Yet Another Significant Drop in Trading Volumes

GAIN Capital Holdings, Inc. (NYSE: GCAP) has just reported its aggregated trading volumes for July 2018. The group’s most recent retail volumes took another step back during the month, 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 $182 billion in July 2018, retreating 15 percent month-over-month from $214 billion in June 2018. Over a yearly timetable, GAIN’s latest retail OTC volume was also lower by a factor of 11 percent year-over-year from $204 billion in July 2017.

The group’s average daily volumes (ADVs) came in at $8.3 billion in July 2018, down 18.6 percent month-over-month from $10.2 billion per day in June 2018, as well as down 14.4 percent on a yearly basis.

Meanwhile, active accounts in the retail segment totaled 130,983 in July 2018, which is marginally higher on a monthly basis from 130,018 accounts in June 2018. This reading is, however, lower relative to July 2017, shedding nearly 1.1 percent year-over-year.

Finally, futures trading dropped sharply last month to 491,287 contracts, corresponding to a loss of 21 percent month-over-month when weighed against 625,260 contracts in the month prior.

Last week, Gain Capital reported its financial results for the second quarter of 2018. The company’s financials saw a year-on-year decline in revenues for the quarter but finished the first half of this year with a year-on-year increase in revenues.

At the end of the second quarter of 2017, Gain Capital reported total revenues of $90.59 million. This year that figure decreased by 7.6 percent to $84.19 million.

Also, data from the US securities regulator for June showed that Gain Capital lost more than $4.5 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.