GAIN Capital’s GTX Marks a Substantial Rise in Trading Volumes

The month of November is behind us and some trading venues have started to publish trading volumes. Last month was a very strong one in terms of performance at GAIN Capital’s GTX.

The company reported that the average daily volume of $10.34 billion marks a new record for the trading venue. GAIN Capital’s previous record, which was achieved earlier this year just around the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote, was surpassed by almost 8 percent.

GAIN Capital’s total trading volume on the institutional side of business for the month of November amounted to $227.5 billion at the company’s electronic communications network GTX and $88.2 billion via its swap dealer facility ($4 billion per day). The combined total from both venues was $315.7 billion ($14.34 billion per day).

The ECN’s trading volumes have marked a monthly increase of 31 percent when compared to October and a whopping 70 percent increase when compared to last year. Average daily volumes were higher by 19 percent when compared to the previous month and by 62 percent when compared to last year.

Looking at the totals, the combined facilities of GAIN Capital including the ECN, SEF and the company’s swap Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term facility showed an increase of 31 percent when compared to October and 47 percent compared to a year ago.