Gain Capital Retail Fx Volume Hits $243 billion in May 2018, Futures Business Goes Flat - The Industry Spread

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Gain Capital

Gain Capital Retail Fx Volume Hits $243 billion in May 2018, Futures Business Goes Flat

June 12, 2018

FXCMGain Capital (NYSE: GCAP) has reported a healthy uptick of trading volume across its both retail and institutional segments in May following slow months of March and April.

The retail Fx services of the group offered through online platform and City Index brands witnessed 9.4 per cent growth month-on-month in trading volumes to $243.3 billion in May compared to $222.4 billion in April. Across the yearly time frame, the volume growth is reported 11 per cent from  $219.5 billion reported back in May 2017. The daily average volume during the month came in at $11.1 billion, up 4.7 per cent month-on-month from $10.6 billion in the prior month and on yearly time frame growth of 16.8 per cent reported from $9.5 billion in the year ago.

In the institutional segment, Gain’s GTX brand came in at $385.5 billion, soaring 38.5 per cent over April 2018. The average daily trading volumes were reported at  $17.5 billion during May 2018, reflecting an increase of 32 per cent from $13.3 billion in April 2018 and across yearly timeframe, the growth is significant of 64 per cent from $10.7 billion in May 2017.

The growth in trading volumes was reported despite a decrease in the active number of clients signifying more trade per client. The active retail OTC accounts were flat during the month numbering 131,036, slightly lower down by a factor of 0.2 per cent relative to a month ago, but on a yearly time period, the decline is 3 per cent from May 2017. GAIN’s futures average daily contract during the month was reported at 31,567, down by 12.1 per cent month-on-month from 35.902 contracts during April 2018. However, the figure was offset by a 31 per cent year-over-year increase. The active futures accounts dropped to 7,929 May 2018, down 0.3 per cent from 7,955 in April 2018 and also lower by 0.9 per cent compared to May 2017.

The group also announced at the end of May, that it will be exiting the Institutional Fx business, and will be selling its GTX brand to Deutsche Boerse’s 360T for $100 million, and will be focusing on Retail FX operation as its core business operations.

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