GAIN Capital’s Retail Volumes Rebound in May, Future Business Stalls

GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported its volumes for the month ending May 2018, having undergone a better performance across its retail and institutional business compared to the prior month, according to a GAIN statement.

In particular, GAIN Capital’s retail OTC trading volume was reported at $243.3 billion, an increase of 9.4 percent month-on-month compared to $222.4 billion in April 2018. Across a yearly timeframe, the figure showed a similar picture, growing 11 percent from $219.5 billion reported back in May 2017.

Furthermore, the average daily retail OTC trading volume during May 2018 came in at $11.1 billion, up 4.7 percent month-on-month from $10.6 billion in the prior month. This increase was also coupled with a 16.8 percent rise year-on-year from $9.5 billion in the year ago.

The metrics of active retail OTC accounts were flat, numbering 131,036 as of May 31, 2018, inching slightly down by a factor of 0.2 percent relative to a month ago, but was down by 3 percent relative to May 2017.

Institutional volumes shine

Regarding its institutional metrics, ECN average daily institutional volume at GTX came in at $17.5 billion during May 2018, reflective of an advance of 32 percent from $13.3 billion in April 2018. Across a yearly timeframe, May 2018 showed a more substantial jump of 64 percent year-over-year from $10.7 billion in May 2017.

On a related note, GAIN’s futures average daily contracts were reported at 31,567 during May 2018, down 12.1 percent month-on-month from 35,902 contracts set back in April 2018. This figure was offset by a 31 percent year-over-year increase.

Finally, active futures accounts dropped to 7,929 during the previous month, down 0.3 percent from 7,955 in April 2018 and also lower by 0.9 percent compared to May 2017.