GAIN Capital’s Retail, Institutional Metric Fall Double Digits in August

GAIN Capital Holdings, Inc. (NYSE: GCAP) has released its volumes for the month ending August 2016, having had its retail business take a dive MoM in what has become an industry wide trend, according to a GAIN statement.

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During August 2016, GAIN Capital’s retail OTC trading volume was reported at $191.9 billion, incurring a MoM fall of -9.8% MoM from $212.7 billion in July 2016. Across a yearly timeframe however, August 2016 painted a similar picture, plunging by -50.6% YoY from August 2015.

Furthermore, the average daily retail OTC trading volume during August 2016 came in at $8.3 billion, falling -17.8% MoM from $10.1 billion in July 2016, coupled with a -54.9% YoY pullback from August 2015. Finally, active retail OTC accounts were numbered at just 135,634 in August 2016, inching lower by a factor of -2.4% MoM from 139,007 in July 2016.

Institutional Business Dives Lower

In terms of its institutional metrics, GTX total trading volume was reported at $150.1 billion, justifying a move lower of -13.6% MoM from $173.6 billion in July 2016 – the latest figures were indicative of a marginal increase of only 0.3% YoY from August 2015, virtually unchanged.

Moreover, ECN average daily institutional volume at GTX came in at $6.5 billion during August 2016, reflective of a decline of -21.7% MoM from $8.3 billion in July 2016 and -8.4% YoY from August 2015.

Finally, GAIN’s futures average daily contracts were reported at 28,271 during August 2016, down -4.6% MoM from 29,630 contracts in July 2016. This performance was exacerbated over a yearly timetable, retreating by -19.5% YoY from August 2015. Futures contracts on the whole however rose to 650,230 during August 2016, up 9.7% MoM from 592,604 in July 2016.