PR Newswire
BEDMINSTER, N.J., Oct. 5, 2017
BEDMINSTER, N.J., Oct. 5, 2017 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP) ("GAIN" or "the Company") today reported certain operating metrics for the month of September 2017.
| Sep-17 | Aug-17 | Sep-16 | Sequential Change | Year-over- year change | ||||||||
Retail Segment | | | | | | ||||||||
OTC Trading Volume (1) | $ | 202.6 | | $ | 237.7 | | $ | 207.8 | | (14.8)% | | (2.5)% | |
OTC Average Daily Volume | $ | 9.6 | | $ | 10.3 | | $ | 9.4 | | (6.8)% | | 2.1% | |
Active OTC Accounts (2) | 133,867 | | 133,965 | | 129,921 | | (0.1)% | | 3.0% | | |||
| | | | | | ||||||||
Institutional Segment | | | | | | ||||||||
ECN Volume (1) | $ | 279.0 | | $ | 279.8 | | $ | 186.3 | | (0.3)% | | 49.8% | |
ECN Average Daily Volume | $ | 13.3 | | $ | 12.2 | | $ | 8.5 | | 9.0% | | 56.5% | |
Swap Dealer Volume (1) | $ | 62.8 | | $ | 77.5 | | $ | 67.7 | | (19.0)% | | (7.2)% | |
Swap Dealer Average Daily Volume | $ | 3.0 | | $ | 3.4 | | $ | 3.1 | | (11.8)% | | (3.2)% | |
| | | | | | ||||||||
Futures Segment | | | | | | ||||||||
Number of Futures Contracts | 486,395 | | 568,087 | | 669,340 | | (14.4)% | | (27.3)% | | |||
Futures Average Daily Contracts | 24,320 | | 24,699 | | 31,873 | | (1.5)% | | (23.7)% | | |||
Active Futures Accounts (2) | 8,056 | | 8,055 | | 8,594 | | —% | | (6.3)% | | |||
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_____________________________ | | ||||||||||||
All volume figures reported in billions. | |||||||||||||
1 US dollar equivalent of notional amounts traded. For the quarter, indirect volume represented 33% of total retail OTC trading volume. | |||||||||||||
2 Accounts that executed a transaction during the last 12 months. |
Management Commentary
"Stable market conditions and improved customer engagement resulted in consistent operating metrics during the third quarter, including average daily retail trading volume of approximately $9.6 billion for September," remarked Glenn Stevens, Chief Executive Officer. "As the result of low volatility in the third quarter, retail revenue capture was approximately 10% lower than the trailing twelve month level. It is worth noting that, notwithstanding quarterly fluctuations, trailing twelve month retail revenue capture has remained stable throughout the year. As we move into the fourth quarter of 2017, we remain focused on executing on our organic growth initiatives that aim to increase our market share and trading volumes, attract new customers and increase revenue per active account with existing customers."
Historical metrics and financial information can be found on the Company's investor relations website 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.
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