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.
