After a long, slow November in Forex, GAIN Capital Holdings, Inc. bounces back with a four percent jump in volumes. The forex broker’s clients transacted a total of $130.8 billion in December 2019.
The broker’s transaction volume was at $125.6 billion in November of 2019, which was significantly lower than October 2019.
However, the company’s jump was still down 32% from $192.6 billion transacted in the same month of 2018.
Meanwhile, their average daily volumes went up 3.3 percent from November to December 2019. On a yearly basis, this was down 35 percent from $9.6 billion gained the previous year.
Active accounts went on another increase on a monthly basis, inching from 122,532 to 121,801. Still, this went down from the December 2018 figure at 123,171.
GAIN’s biggest downfall last month was of a 25 percent loss year-by-year, weighing 477,386 against 641,094 in December 2018.
Forex volumes lagged behind most asset classes during its decline last year. According to the group’s CEO, Glenn Stevens, market conditions affected their volumes at the fourth quarter.
Retail revenue capture went approximately $94 while revenue per contract in Futures were about $4.60 flat with Q3.
Net revenues came in at $66.7 million, down 30 percent compared to $95.5 million in 2018.
GAIN’s November Losses
November was one of the slowest months in Forex last year, evidently shown in GAIN’s consistently low volumes.
In comparison to October, its retail client transactions went down 26.9 percent from $171.9 billion.
ADVs plummeted by 20 percent month-over-month in November 2019 from a $7.5 billion per day record to $6.0 billion.
Their retail OTC volume in November also went 39.4 percent lower from $207.2 billion in 2018.
Active accounts climbed up at 121,801 in November 2019 from 120,807 accounts in October 2019. This decreased from 123,932 accounts in November 2018.
Founded in 1999, GAIN Capital Holdings, Inc. provides low cost access to trade and foreign exchange markets. The broker now offers OTC and exchange-traded markets for 140,000+ retail and institutional investors.