GTX Discloses Record ECN Volumes in May 2018

GTX, the institutional FX unit of GAIN Capital which was recently acquired by Deutsche Borse’s 360T, has reached a new milestone, setting record monthly volumes in May 2018 as well as on its ECN, per a group statement.

In particular, GTX’s ECN, SEF and swap dealer facilities saw its overall volumes swell to 437.84 billion in May 2018, up 43 percent relative to the month prior. Across a yearly interval, this figure is also higher by the same percentage on a year-over-year basis from May 2017.

Additionally, the average daily volume (ADV) in May 2018 totaled $19.03 billion per day, which is 30.0 percent higher relative to $14.6 billion in April 2018. Looking over a yearly timetable, GTX’s ADV jumped by 43.0 percent on a year-over-year basis.

The largest gains at GTX in May 2018 were seen across its ECN + SEF segments, which includes FX and precious metals trading activity on the ECN, along with trades executed by the firm’s registered swap dealer. The figure was reported at $385.5 billion in May, while its ADV printed a fresh record high at $16.8 million. This figure overtook a previous monthly record back in February 2018, which was $16.1 billion, shattering it by over 4.5 percent.

In addition, GTX’s ECN volumes secured a gain of 56 percent from a year ago, while its ADV also rose by 26.0 percent month-over-month.

Moreover, ECN swap dealing also managed to see a sustained jump during May 2018, coming in at $52.4 billion or an increase of 90 percent month-over-month but was down by -12 percent over a yearly basis.