Retail FX Volumes at GAIN Capital Nosedive 50% in February

GAIN Capital Holdings, Inc. (NYSE: GCAP) has just reported its aggregated trading volumes for February 2019. The group’s most recent retail volumes took another step back during the month, continuing with a consecutive string of monthly losses since ending the fourth quarter on a positive note.

In particular, GAIN Capital’s retail clients transacted a total of $134 billion in February 2019, retreating 27 percent month-over-month from $184 billion in January 2019. Over a yearly timetable, GAIN’s latest retail OTC volume was also lower by over 52 percent year-over-year from $283.5 billion in February 2018.

The group’s average daily volumes (ADVs) came in at $6.7 billion in February 2019, down 20.2 percent month-over-month from $8.4 billion per day in January 2019, as well as down 53 percent on a yearly basis.

Meanwhile, active accounts in the retail segment totaled 121,787 in February 2019, which is marginally lower on a monthly basis from 122,581 accounts in January 2019. This reading is also much lower relative to February 2018, shedding more than eight percent year-over-year.

Gain reveals positive financials

Finally, futures trading dropped last month to 542,556 contracts, corresponding to a loss of eight percent month-over-month when weighed against 591,123 contracts in the month prior.

Last week, Gain Capital reported its financial results for ‎Q4 2018, and the fiscal year ending on December 31, 2018. The company’s financials saw a year-on-year increase in revenues for the quarter and also finished the full year with a year-on-year increase in total earnings.

At the end of the October-December quarter, Gain Capital reported total revenues of $79.9 million, up 27 percent when compared with $62.7 million ‎in the same quarter a year ago. Furthermore, the year ending December 31, 2018, netted a ‎revenue increase of 28 percent year-over-year, having risen to $358.0 million from $278.2 million reported ‎back in fiscal 2017.‎