GAIN Capital announced its metrics for August. During the month, retail volumes fell 13.1% MoM to $123.1 billion, but were 30.9% above the same period last year. The broker also reported a total of 65,289 OTC accounts placing trades during the month, which was an increase of 0.8% from July 2013, and 8.4% above August 2012. Total retail customer assets were $485.9 million, 5.3% above July.
In its institutional GTX division, total volumes fell 23.2% from July to $270.4 billion. It was the third straight month of total volumes declines. Following record total, and average daily volumes achieved , institutional volumes have fallen along with much of the rest of the industry, with GAIN volumes results similar to other major ECNs.
The news occurs as shares of GAIN (GCAP:N) hit an all-time high yesterday and closed at $11.00. Following the firm’s Q2 results, the stock price has been in ascent, most recently on no reported news.
Retail metrics
- Retail OTC trading volume of $123.2 billion, a decrease of 13.1% from July 2013, and an increase of 30.9% from August 2012.
- Average daily retail OTC trading volume of $5.6 billion, a decrease of 9.1% from July 2013, and an increase of 36.8% from August 2012.
- Active retail OTC accounts of 65,289, an increase of 0.8% from July 2013, and an increase of 8.4% from August 2012.
- Futures (OEC) Daily Average Revenue Trades (DARTs) of 13,787, an increase of 12.4% from July 2013.
- Total funded accounts of 94,378, a decrease of 0.7% from July 2013 and an increase of 13.5% from August 2012.
- Total retail customer assets of $485.9 million, an increase of 5.3% from July 2013, and an increase of 12.0% from August 2012.
Institutional metrics
- Total institutional trading volume of $270.4 billion, a decrease of 23.2% from July 2013, and an increase of 66.4% from August 2012.
- Average daily institutional volume of $12.3 billion, a decrease of 19.7% from July 2013, and an increase of 45.4% from August 2012.
Be First to Comment