GAIN Capital Announces Monthly Metrics for October 2015
GAIN Capital Holdings, Inc. (NYSE: GCAP, “GAIN” or “the Company”) today reported certain operating metrics for the month of October 2015.
Retail Metrics
- OTC average daily volume of $12.0 billion, a decrease of 18.1% from September 2015 and an increase of 1.1% from October 2014.1
- OTC trading volume2 of $264.4 billion, a decrease of 18.1% from September 2015 and 3.3% from October 2014.3
- Active OTC accounts4 of 148,328, a decrease of 1.0% from September 2015 and an increase of 57.5% fromOctober 2014.5
- Futures average daily contracts of 32,649, a decrease of 14.2% from September 2015 and 12.0% from October 2014.
- Futures contracts of 685,628, a decrease of 14.2% from September 2015 and 16.0% from October 2014.
Institutional Metrics
- GTX average daily volume of $14.2 billion, a decrease of 10.4% from September 2015 and 18.1% from October 2014.
- GTX volume2 of $311.5 billion, a decrease of 10.4% from September 2015 and 21.7% from October 2014.
Management Commentary
“In October, customers were migrated off a legacy GFT trading platform as part of the Company’s planned City Index integration activities. This resulted in decreased trading activity in the month as customers transitioned onto new trading technology. In addition, a number of underperforming partners were terminated in advance of the platform migration, which also contributed to the decline in trading volume during the month,” remarkedGlenn Stevens, Chief Executive Officer.
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
