In addition to its , GAIN Capital today reported its aggregated trading volumes for the third quarter. The group’s most recent retail volumes took a step back, continuing with a consecutive string of losses since ending the first quarter on a more positive note.
In particular, retail clients transacted a total of $506 billion in Q3 2018, retreating 21.4 percent year-over-year from $645 billion in Q3 2017. The group’s average daily volumes (ADVs) came in at $7.8 billion in the last three months, down 21 percent over a yearly timetable from $9.9 billion per day in 2017.
Meanwhile, active accounts in the retail OTC segment totaled 129,182 as of end of September 2018, which is lower 3 percent on a yearly basis from 133,813 accounts the previous year.
In a different vein, futures trading rose last quarter to 1,622,114 contracts, corresponding to a gain of 6.8 percent year-over-year when weighed against 1,518,417 contracts in the year prior.
Business highlights, according to the company’s report, show the listed brokerage will remain focused on returning capital to shareholders through share repurchases and dividends, which amounted to $19.6 million year-to-date.
The US-based online trading provider is also still pressing ahead with plans to of its common shares.
Also, data from the US securities regulator for August showed that lost more than $10 million in retail forex deposits.
As is customary, the will maintain a lead focus at the 2018 Finance Magnates London Summit, with no shortage of sessions, panels, and workshops touching on these and other developments.
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