GAIN Capital GTX ECN Marks Record Volume in January

GAIN Capital’s institutional business has performed strongly in the first month of 2017. The company’s Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term) for trading foreign exchange has registered a record.

During January, GTX reported $12.2 billion in average daily volumes (ADV), which is higher than the previous record month in November 2016 by over $2.7 billion. The move was driven by increased two way Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term in major currency pairs.

Total trading volumes in the first month of the year for the GTX ECN and Swap Execution Facility (SEF) amounted to $266.2 billion. The number was higher by 32 percent when compared to December and by 41 percent when compared to January 2016.

The company’s swap dealer (SD) facility registered $96.6 billion, which is higher by 38 percent when compared to the final month of 2016 and by 66 percent when compared to a year ago. The ADV metric registered a 38 percent increase month-on-month to $4.4 billion. The number is higher by 51 percent compared to last year.

Overall GTX figures that include numbers from the ECN, SEF and SD facilities amounted to $362.8 billion. The number was higher by 33 percent when compared to December 2016 and by 47 percent when compared to January 2016. Looking on an ADV basis, the figures were higher by 33 percent month-on-month, rebounding to $16.5 billion daily. The number is up 34 percent year-on-year.

GAIN Capital’s institutional business benefited from increased volatility in the first month of the year with major currency pairs fluctuating in wide ranges in January.