GAIN Capital Announces Monthly Metrics for January 2015
GAIN Capital Holdings, Inc. (NYSE: GCAP, “GAIN” or “the Company”) today reported certain operating metrics for the month of January 2015.
Retail metrics
- Retail OTC trading volume1 of $279.6 billion, an increase of 18.4% from December 2014 and an increase of 30.3% from January 2014.
- Average daily retail OTC trading volume of $13.3 billion, an increase of 24.1% from December 2014 and an increase of 36.5% from January 2014.
- Active retail OTC accounts2 of 96,154, an increase of 1.3% from December 2014 and a decrease of 1.3% fromJanuary 2014.
- Futures contracts of 742,751, an increase of 14.1% from December 2014 and an increase of 53.0% fromJanuary 2014.
- Average daily futures contracts of 35,369, an increase of 19.5% from December 2014 and an increase of 60.3% from January 2014.
- Total funded accounts3 of 135,340, an increase of 1.2% from December 2014 and an increase of 4.6% fromJanuary 2014.
Institutional metrics
- Total institutional trading volume4 of $451.1 billion, an increase of 11.2% from December 2014 and a decrease of 9.0% from January 2014.
- Average daily institutional volume of $21.5 billion, an increase of 16.4% from December 2014 and a decrease of 4.7% from January 2014.
- GTX trading volume5 of $411.9 billion, an increase of 8.6% from December 2014 and a decrease of 5.8% fromJanuary 2014.
- Average daily GTX volume of $19.6 billion, an increase of 13.7% from December 2014, and a decrease of 1.3% from January 2014.
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.
Management Comment
“Following an extraordinary month in the currency markets, GAIN Capital has emerged in a strong position to gain market share and deliver future growth in our retail business. Total funded accounts reached an all-time high of 135,430 in January, following a strong month in new client acquisition for our FOREX.com brand as retail traders sought out a high quality broker following the SNB event on January 15th. We also saw a significant increase in client activity amid overall more favorable market conditions, with retail average daily volume growing 24% month-over-month to reach a record high in January. Additionally, our strong balance sheet provides important financial flexibility, with funds significantly in excess of our regulatory capital requirements atJanuary 31, 2015, meaning we are well capitalized and have the resources to pursue further growth,” saidGlenn Stevens, CEO of GAIN Capital.
Source: Gain Capital – GAIN Capital Announces Monthly Metrics for January 2015
