GAIN Capital Sees Uptick in Trading Volumes for March

Retail brokerage big GAIN Capital introduced its buying and selling outcomes for March this Monday.

The US agency noticed a marked year-on-year decline in its buying and selling volumes.

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In March of 2018, the corporate reported over-the-counter (OTC) buying and selling volumes of $262.eight billion.

For the identical interval this 12 months, the agency reported a complete quantity of $168.9 billion – a 35.7 p.c lower.

Looking on the day by day common buying and selling quantity for a similar two durations, issues had been barely higher for GAIN Capital.

Last March, the dealer reported a day by day common OTC buying and selling quantity of $11.9 billion. In March of this 12 months, the identical determine was $eight billion – a 32.eight p.c decline.

Low volatility + leverage caps = low volumes

Looked at from a month-on-month perspective, GAIN Capital’s efficiency in March of this 12 months was extra comprehensible.

In February of this 12 months, the corporate reported complete OTC buying and selling volumes of $134.four billion.

As famous, the agency stated that it secured $168.9 billion in OTC buying and selling quantity this March.

That meant that, from a month-on-month viewpoint, the agency’s buying and selling volumes grew by 25.7 p.c.

Of course, there are often solely 28 days in February which implies complete buying and selling volumes can generally be deceptive.

In this occasion, the typical day by day buying and selling quantity for GAIN Capital in February was $6.7 billion. This was nonetheless 19.four p.c decrease than March’s $eight billion.

Though volumes had been comparatively low in March, this was to be anticipated.

Low volatility within the international overseas trade markets means most brokers reported low buying and selling volumes within the first quarter of this 12 months.

The European Securities and Markets Authority’s product intervention measures, which place leverage caps on retail merchants, have additionally pushed down brokers’ volumes since final August.

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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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