GAIN Capital’s July retail trading volumes wane, coming in at $212.7 billion

on , from smnweekly.com

GAIN Capital Holdings, Inc. (NYSE: GCAP), the second largest US forex broker by client assets, announced on Thursday its financial results for the first half and Q2 of 2016, as well as its July Operating Metrics. According to the company’s official press release, Gain Capital’s Over-the-counter (OTC) trading volume on July came in at $212.7 billion, 8.2% down MoM and 44.3% YoY. In fact, Gain Capital’s retail trading volume continue to decrease heavily on a yearly basis since March this year: by 43.7% in June, by 38.7% in May and by 33.4% in April. The broker’s July retail trading metrics also show that active OTC accounts remained ... (Read the full story)