GAIN Capital Holdings, Inc., owner of the brand Forex .com, has today reported some of its operating metrics for the month of January 2014, showing a considerable improvement over the last month of 2013.
December of last year had been especially weak for the FX broker, in part due to seasonal effects, with both retail and institutional trading volume down almost 10%. The new year seems to be treating GAIN Capital much better, with sharper positive results. Year-over-year comparisons are even more flattering to the broker, but one needs to take into consideration that GFT's volumes were only added to that of GAIN starting in November 2013 following the Acquisition .
Retail Metrics
Gain Capital announced that its retail over-the-counter (OTC) trading volume reached $212.5 billion in January, an increase of 38.4% from December 2013, and an increase of 44.0% from January 2013. Additionally, the average daily retail OTC trading volume was $9.7 billion, an increase of 32.2% from December 2013, and an increase of 50.6% from January 2013.
Creating all volumes in January were the owners of 98,825 active retail OTC accounts, with active defined as executing at least one transaction during the month, this figure is virtually unchanged from December 2013, but an increase of 62.6% from January 2013.
The number of funded retail accounts, holding some cash balance with GAIN Capital, dropped slightly from 133,464 to 133,295. Year-over-year growth changed from 56.0% to 55.8%.
Additionally, it was released that the figure of Futures Daily Average Revenue Trades (DARTs) reached 15,279, an increase of 7.7% from December 2013, and an increase of 29.7% from January 2013.
Institutional Metrics
The total institutional trading volume at GAIN Capital was $494.0 billion in January 2014, an increase of 28.5% from December 2013, and an increase of 57.1% from January of last year. Additionally, the average daily institutional volume was $22.5 billion, an increase of 22.7% from December 2013, and an increase of 64.2% from January 2013.
