Continuing with the industry-wide trend of growth in trading volume cross segments in January 2018, Singapore Exchange (SGX) and Gain Capital (NYSE: GCAP) has also reported a strong operating metrics for the month. Thus raising hopes across exchanges, market venues, and brokers of a strong rebound in market in 2018 after months of diminishing trading volume.
Singapore Exchange (SGX)
The Singapore Exchange (SGX), the country’s prominent bourse operator has reported strong growth in trading metrics for the month of January 2018 across its derivatives and commodities segment. The exchange reported its securities volume at S$29 billion, registering a growth of 53 percent month-on-month basis. And, on a year-over-year basis, it is 40 percent growth compared to January 2017 figures. During the month of January 2018, Singapore Exchange had 22 trading days.
In the forex segment, the exchange reported a total 1.4 million FX futures contract in January 2018, an increase of 54 percent compared to the December 2017 trading metrics at 937,888 contracts. And, this is also 147 percent higher year-over-year from January 2017.
The average daily volume (ADV) of trading during the month if January 2018 was S$1.3 billion, a growth of 39 percent month-over-month from December 2017 and 28 percent year-over-year from January 2017.
In the derivatives segment also, the exchange reported strong growth during the January 2018, with volumes rose to 18.1 million contracts traded, a growth of 16 percent month-over-month and 55 percent growth year-over-year from January 2017.
The total market capitalization of SGX during the January 2018, remained unchanged over the month of December 2017, coming in at S$1.1 trillion ($830 billion) with 749 listed companies, a company less than the December month.
GAIN Capital Holdings, Inc. (NYSE: GCAP) has reported a strong operating performance metrics across its institutional and futures segment in January 2018, compared to the previous month. Its retail OTC trading volume was reported at $249.0 billion, a 52 percent increase compared to the prior month, which was $163.6 billion in December 2017. In the yearly time-frame, this figure is 18.6 percent growth from $210 billion compared to January 2017.
The average daily volume (ADV) in the retail OTC segment during the January 2018 came in at $11.3 billion, a 37.8 percent growth from $8.2 billion in month-over-month basis and 18.9 percent growth from $9.5 billion compared to January 2017.
The numbers for active retail OTC accounts were reported almost flat at 132,783 for the month ending on January 31, 2018, a slight increase of 0.4 percent compared to previous month and 6.3 percent relative to the previous year.
For the institutional segment, ECN ADV at GTX came in at $13.9 billion during January 2018, an increase of 29 percent from $10.8 billion in the December 2017 and 14.9 percent from $12.1 billion in the January 2017. GAIN’s futures average daily contracts were reported at 32,103 during the month of January 2018, a 24.3 percent increase from 25,835 contracts compared to the December 2017 figures.
The active futures accounts for January 2018 rose to 7,924, an increase of 1.1 percent from 7,838 compared to the previous month but 4.6 percent lower compared to January 2017.