GAIN Capital released operating metrics for March 2017
GAIN Capital Holdings, Inc. (NYSE: GCAP) (“GAIN” or “the Company”) today reported certain operating metrics for the month of March 2017.
| Mar-17 | Feb-17 | Mar-16 | Sequential Change |
Year-over-year Change |
|
| Retail Segment | |||||
| OTC Trading Volume (1) | $239.2 | $170.2 | $266.7 | 40.5% | (10.3)% |
| OTC Average Daily Volume | $10.4 | $8.5 | $11.6 | 22.4% | (10.3)% |
| Active OTC Accounts (3) | 136,829 | 131,192 | 132,452 | 4.3% | 3.3% |
| Institutional Segment | |||||
| ECN Volume (1) | $271.7 | $221.6 | $169.1 | 22.6% | 60.7% |
| ECN Average Daily Volume | $11.8 | $11.1 | $7.4 | 6.3% | 59.5% |
| Swap Dealer Volume (1) | $67.4 | $61.5 | $64.3 | 9.6% | 4.8% |
| Swap Dealer Average Daily Volume | $2.9 | $3.1 | $2.8 | (6.5)% | 3.6% |
| Futures Segment | |||||
| Futures Contracts | 827,296 | 589,538 | 782,352 | 40.3% | 5.7% |
| Futures Average Daily Volume | 35,969 | 31,028 | 35,561 | 15.9% | 1.1% |
| Active Futures Accounts (2) | 8,201 | 8,221 | 8,890 | (0.2)% | (7.8)% |
All volume figures reported in billions.
1 US dollar equivalent of notional amounts traded. For the quarter, indirect volume represented 37% of total retail OTC trading volume.
2 Accounts that executed a transaction during the last 12 months.
3 GAIN has updated its historical active account disclosures to reflect a change in accounting for certain accounts.
Management Commentary
“Market volatility across major asset classes was significantly lower in Q1 2017,” said Glenn Stevens, Chief Executive Officer. “In particular, there was a narrowing of average trading ranges, which resulted in a sharp decrease in retail revenue per million to approximately 40% below our trailing twelve month levels,” Mr. Stevens continued. “Market conditions and customer engagement improved in March and we continue to believe that the presence of macro-economic uncertainty, combined with the incremental contribution made by recently acquired FXCM accounts, positions GAIN favorably as we move forward throughout the year.”
Historical metrics and financial information can be found on the Company’s investor relations website at http://ir.gaincapital.com.
This operating data is preliminary and subject to revision and should not be taken as an indication of GAIN’s financial performance. GAIN undertakes no obligation to publicly update or review previously reported operating data.
Source: Gain Capital
