Gain Capital's GTX Reports Dim Volumes in March, ECN Activity Stalls ‎

GAIN Capital’s institutional unit GTX this week reported its monthly turnover for March 2018, which saw its overall figures notch a month-over-month drop in terms of its average daily volume (ADV).

Total turnover failed to build on last month’s record figures, ultimately showing a flat performance on lower Volatility despite an extended trading schedule in March.

Whereas February was characterized by strong volumes which showed GTX’s ECN, SEF, and swap dealer facilities transacting $376.4 billion, March 2018 saw a less upbeat turnover of $374.5 billion. Across a yearly interval, however, this figure is higher by 11 percent on a year-over-year basis from March 2017.

Additionally, the average daily volume (ADV) in March 2018 totaled $17.0 billion per day, which is 10.0 percent lower relative to $18.8 billion in February 2018. Looking at a yearly timetable, GTX’s ADV jumped by 16.0 percent on a year-over-year basis.

March’s volumes decline was largely attributed to GTX’s ECN and SEF segments which fell by 2.0 percent month-over-month to $317.8 billion – the decline in ADV was bigger, dropping by 10 percent compared to the previous month. This loss was inverted however across the Swap Dealer segment, as GTX’s secured a gain of 6 percent while its ADV dropped by 4.0 percent month-over-month.