GAIN Capital Releases Trading Metrics for October

Leading Forex broker GAIN Capital Holdings published its final metrics for the month of October 2014, which showed retail sales grew, though unevenly. This is mainly due to the fact that GAIN Capital failed to attain the same institutional volume figures following a double-digit increase in September.

Retail trading volumes rose 16 percent to $605.4 billion in the quarter through September. The figures can be divided into Institutional and Retail metrics.

In the Institutional Category, the cumulative institutional trading volume fell 0.9 percent month-on-month (MoM) to $437.6 billion, though this was a growth of 49.7 percent from October 2013. The average daily institutional volume fell 5.2 percent from September 2014, though it rose 49.7 percent from October 2013.

The GTX trading volume fell 1.6 percent from September 2014 to $397.8 billion, though it rose 60.4 percent from a year earlier. The average daily GTX trading volume fell 5.9 percent from to $17.3 billion, though it grew 60.4 percent from October 2013.

In the Retail Category, the total retail OTC trading volume grew 14.4 percent MoM to $273.4 billion and rose 45.2 percent from October 2013. The average daily retail OTC trading volume rose 9.5 percent to $11.9 billion, and also grew 45.2 percent from a year earlier. The active retail accounts rose 0.5 percent from September 2014 to 94,204 and fell 9.2 percent from a year ago.

Futures contracts increased 25.5 percent to 816,501 MoM and also increased 53.8 percent year-on-year. The average daily futures contracts rose 20.1 percent to 35,500 from September 2014 and grew 53.8 percent from a year earlier. The number of total funded accounts increased 0.4 percent to 132,561 MoM and rose 3.2 percent YoY.


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