GAIN Capital Reports Bleak Trading Volumes for January 2019

GAIN Capital Holdings, Inc. (NYSE: GCAP) has simply reported its aggregated buying and selling volumes for January 2019. The group’s most up-to-date retail volumes took a step again through the month, in comparison with ending December on a extra constructive word.

In explicit, GAIN Capital’s retail purchasers transacted a complete of $184 billion in January 2019, retreating 4.5 p.c month-over-month from 231.2 billion in December 2018. Over a yearly timetable, GAIN’s newest retail OTC quantity was sharply decrease by over 26 p.c from $249 billion in January 2018.

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The group’s common every day volumes (ADVs) got here in at $8.Four billion in January 2019, down 12.5 p.c month-over-month from $9.6 billion per day in December 2018. This determine was additionally decrease by 25.7 p.c on a yearly foundation.

Meanwhile, energetic accounts within the retail phase totaled 122,581 in January 2019, which barely decreased on a month-to-month foundation from 123,171 accounts in December 2018. This studying is decrease relative to January 2018, shedding practically 7.7 p.c year-over-year.

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Finally, futures buying and selling dropped final month to 591,123 contracts, equivalent to a lack of eight p.c month-over-month when weighed towards 641,094 contracts within the month prior.

Last month, Gain Capital appointed two new members to its IT crew – Boris Levine because the Head of IT Development and Rasmus Hansen because the Head of Infrastructure Technology.

Earlier in October, the corporate reported its monetary outcomes for the third quarter of 2018 noticed a year-on-year advance. GAIN’s internet revenues got here in at $95.5 million, constituting a acquire of 30 p.c in comparison with $73.Eight reported again within the July-September quarter of 2017. Over a quarterly foundation, the corporate income was additionally greater 42 p.c from $67.1 million the earlier quarter.

In phrases of Gain Capital’s backside line, the quarterly internet earnings from persevering with operations achieved $10 million, or $0.22 per share, in comparison with an adjusted internet lack of $3.1 million within the third quarter of 2017.


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David is the founder of The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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