Gain Capital February OTC trading volume up YOY

Gain Capital February OTC trading volume up YOY

The over-the-counter (OTC) trading volume of the major US forex broker Gain Capital (NYSE:GCAP) in February 2016 was $276.3 billion, shows the monthly report of the company. It is 13.1% higher than in the same month of 2015, but 13.3% lower than in January 2016. The average daily volume (ADV) of the OTC trade also dropped month-on-month – 17.4% to $13,2 billion. It, however, is 7.7% higher, compared to February last year.

The trading volume from its institutional operations was $174 billion – 7.7% less than in January 2016, but 25% higher year-on-year. The ADV on the broker’s institutional electronic communication network (ECN) was $8.3 billion, a drop of 12.1% from January 2016 and 25% higher than February 2015.

In February 2016 the Gain Capital clients had 143 673 OTC accounts, almost the same number as in the preceding month. Compared to February 2015, however, the number of active accounts rose almost 48%.

Gain Capital serves retail and institutional clients under the trading brands Forex.com, City Index, GTX, and Gain Capital. It is active in North America, Europe and the Asia Pacific regions.

The broker offers trading in forex, commodities, and global equities. Its largest retail forex broker, Forex.com, also offers white label solutions for other forex brokers, operating throughout the world.

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