Continuing with the strong start of Fx trading volumes in 2018, GAIN GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE: GCAP) has reported strong trading volumes in the February month, surpassing all the records of January and also previous months by a wide margin.
The GTX ECN average daily volume in the month of February was recorded at $16.1 billion, beating the January record by whopping 16 percent from $13.9 billion and 46 percent year-on-year compared to February 2017. The total GTX ECN monthly volumes during February month was recorded at $322.7 billion, despite the fact of less number of available trading days, beating the January record of $305 billion. GTX’s previous record was $279.8 billion which dates back to August 2017.
The GTX’s swap dealer business which provides voice agency execution services was 20 percent of the total trading volume but was 4 percent lower than the previous year and 13 percent lower when compared year on year.
FFAJ Q2(Oct.- Dec. 2017) Fx Trading Volume Analysis
The Financial Futures Authority of Japan (FFAJ) on Wednesday published its latest report on financial futures trading volumes including retail fx and over the counter (OTC) contract for the quarter ending December 2017. The data compiled by FFAJ from its 143 trading members presenting overall weakness in trading volume across key Fx segments during the quarter.
The total trading volume on exchange during the quarter contracted by over 8 percent to 14.4 million contracts compared to 15.75 million contracts reported in the second quarter ending on September 2017. Majority of the weakness was seen in the domestic trades where with nearly 10.5 percent drop in trades including Fx margin trading compared to 5.7 percent drop in the overseas segment.
In addition, over-the-counter trading domestic volumes recorded at ¥9.3 trillion ($86 billion) during the December quarter, a significant drop of nearly 15 percent quarter-on-quarter. The September quarter Fx OTC volumes were reported at ¥10.8 trillion. Lower volumes during the December quarter also witnessed a decrease in total numbers of active customers by 2.4 percent.
Also, across the year-to-date (YTD) perspective, OTC volumes recorded an 8.5 percent drop to ¥30.46 trillion ($284 billion) compared to ¥36.2 trillion reported back in the same period from April in 2016.