Gain Capital Announces July’s Trading Metrics, Q2 Results

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Gain Capital Announces July’s Trading Metrics, Q2 ResultsGain Capital released its monthly metrics for the month of July, which shows a decline of 10.52 percent MoM to $575 billion compared to $636 billion in June. Institutional volumes fell after surging in June while retail volumes increased in July from the previous month. The retail over-the-counter (OTC) trading volumes rose 10.3 percent to $183.2 billion, also representing a growth of 29.3 percent from July 2013. The average daily volumes grew 0.7 percent to $8.0 billion in July from June, also an expansion of 29.3 percent from July last year. The active retail FX accounts fell 0.9 percent to 93,374 in July MoM and rose 44.1 percent from July 2013. The total number of funded accounts increased 0.2 percent to 131,040 MoM and grew 37.9 percent from July 2013. As for institutional FX business, the total trading volume fell 17.7 percent to $394.9 billion MoM, though this equated to a growth of 12.2 percent from July 2013. The average daily volumes plunged 24.9 percent to $17.2 billion MoM and rose 12.2 billion from July last year. **relatedarticle** The company also released its second-quarter financial results for the period through June 30, 2014, which showed that net revenue fell 5 percent to $69.7 million from $73.1 million in a similar period in 2013. It reported a net loss of $5.2 million ($0.13 per diluted stock), down from a net profit of $17.2 million ($0.44 per diluted stock). Gain Capital saw retail OTC trading volumes plunge 13 percent to $522.2 billion from $462 billion in the second quarter of 2013. Institutional trading volumes rose 27 percent to $1.3 trillion from $1.1 trillion a year earlier. The total retail client funds grew 76 percent to $840.0 million compared with $476.8 million a year ago. For detailed report, please visit: http://www.marketwatch.com/story/gain-capital-reports-second-quarter-and-first-half-2014-results-2014-08-11 To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter. To contact the reporter of this story; Yashu Gola at yashu@forexminute.com