GAIN Capital’s Retail FX Volumes Jump 12% in Q4 2018

GAIN Capital on Friday reported its aggregated trading volumes for the fourth quarter, following the publication of its financial results for 2018. The group’s most recent retail volumes took a step forward, rebounding off a consecutive string of losses since ending the second quarter on a weaker note.

In particular, GAIN Capital’s retail clients transacted a total of $631 billion in Q4 2018, up 12.1 percent year-over-year from $563 billion in Q4 2017. The group’s average daily volumes (ADVs) came in at $9.7 billion in the October-December period, also higher by 10 percent over a yearly timetable from $8.8 billion per day in Q4 2017.

Meanwhile, active accounts in the retail OTC segment totaled 123,171 as of the end of December 2018, which is lower 6.9 percent on a yearly basis from 132,262 accounts the previous year.

Futures trading rose last quarter to 2,109,516 contracts, corresponding to a gain of 30 percent year-over-year when weighed against 1,623,656 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 $73.8 over the last 12 months.

Earlier today, the company reported its financial results for the fourth quarter and full year of 2018 saw a year-on-year advance. GAIN’s net revenues came in at $358.0 million, constituting a gain of 28 percent compared to $278.2 reported back in 2017. Over a quarterly basis, the company revenue was also higher 27 percent from $62.7 million ‎in the same quarter a year ago.

In terms of Gain Capital’s bottom line, the quarterly net income from continuing operations achieved $4.6 million, or $0.11 per share for the fourth quarter ‎vs. an adjusted net loss of $4.8 million in the Q4 2017.