GAIN Capital's Retail April Volumes Drop by 5.5%, Institutional Lower by 7.4% MoM

One of the leading US-based brokerages behind the Forex .com brand, GAIN Capital, has published its monthly volume metrics for the month of April in a press release. While the declines experienced fare much better when compared to other industry players, the retail side of business has dropped by 5.5% when compared to the month of March, while on the institutional front the decrease published was by 7.4%.

Retail Volumes in Detail

Retail trading volume in the month of April totaled $174.4 billion, with the average daily volumes (ADV) marking a steeper decline by 9.8% month-on-month to $7.9 billion. The number of futures contracts traded has risen by 3.3% from March.

On a curious note - low Volatility seems to have really scared off retail traders with the company experiencing a rare decline in the number of active trading accounts - lower by 1.3% to 96,029.

Institutional Volumes in Detail

Total institutional trading volumes have dropped by 7.4% from March, while the ADV metric has shed 11.6% to $18.6 billion.

With GTX becoming the 20th SEF temporarily registered by the CFTC so far, volumes at the company’s unit that provides FX ECN services to institutional investors have declined by 8.5% to $369.8 billion, while the ADV totaled $16.8 billion, which is lower by 12.6% from the month of March.