GAIN Capital’s OTC retail trading volume grows to $276.9 bln in Dec 2015

GAIN Capital’s OTC retail trading volume grows to $276.9 bln in Dec 2015

US-based online trade services provider GAIN Capital Holdings, operator of forex broker Forex.com, said on Monday its over-the-counter (OTC) retail trading volume amounted to $276.9 billion in December 2015, which is an increase of 17.3%, compared to the same period a year earlier. On a monthly basis, the figure represents a growth of 20.7%.

The holding company had an average daily OTC trading volume of $12.6 billion last month, or up by 17.3% year-on-year and by 15.2% from the previous month.

“As a result of increased volatility in key currency pairs and commodities markets in the latter half of Q4 2015, GAIN’s retail revenue per million tracked to our pro forma trailing twelve month level of $98, with retail volume generated from the indirect business representing 50% of total OTC trading volume in the quarter,” GAIN Capital CEO Glenn Stevens said.

For more details about GAIN Capital’s trading volume in 2015 by month, please see the table (in billions of USD):

GAIN Capital Dec 2015
GAIN Capital’s monthly metrics in 2015

The broker handled 146,977 active OTC accounts in December. Compared to December 2014, the figure represents a growth of nearly 55%, while on a monthly basis there is a slight decline of 1.3% in active accounts.

GAIN Capital is the second largest forex broker in the US in terms of retail forex obligations after Forex Capital Markets, or FXCM. According to the latest data published by the US Commodity Futures Trading Commission (CFTC), GAIN Capital’s retail forex clients had combined assets worth $136.6 million in November 2015, way ahead of the next in line, IBFX, which had $51.6 million in client assets.

Meanwhile, US broker Hotspot FX reported a trading volume of $529.8 billion in December and an average daily volume of nearly $24.1 billion, and its peer Interactive Brokers Group, had a DARTs of 628,000 in December and 331,000 client accounts.

Meanwhile, Saxo Bank, a Danish bank specialized in providing online trading services, generated a trading volume of $226 billion last month and an average trading volume of $9.8 billion. Also, Monex Group, a Japanese forex brokerage, has reported its trading volume from global operations amounted to $29.5 billion in December, while the trading volumes from OTC forex activities of GMO CLICK Securities and FX PRIME, both part of Japan’s GMO CLICK Holdings amounted to JPY 77.5 trillion and JPY 6.4 trillion, respectively.

GAIN Capital is headquartered in New Jersey, the US, and is present in North America, Europe and the Asia Pacific regions. It offers a number of trading services to retail and institutional clients, including forex, commodities, and global equities trading. The brokers serves both retail and institutional clients.

Source: GAIN Capital

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