GAIN Capital’s Retail Volumes Continue to Shine in June

Retail OTC volumes increased for the 2nd successive month with futures trading likewise making healthy gains.

Multi-asset brokerage, GAIN Capital has actually simply divulged its most current trading stats for June 2017. The current figures substantiate a market pattern, with retail brokerages protecting a regular monthly boost in trading activity.

In specific, GAIN Capital’s retail customers negotiated an overall of $241.8 billion in June 2017, climbing up from 10.2 percent month-over-month from $219.5 billion in May 2017. This is the 2nd double-digit regular monthly boost in a row, following a bounce off a previous annual low tape-recorded in April 2017.

Over an annual schedule, GAIN’s most current retail OTC volume was likewise greater by an element of 4.4 percent from $231.7 billion in June 2016. This increase was credited to separated pockets of volatility surrounding the current Federal Reserve’s choice to trek rate of interest once again in June. GAIN’s typical day-to-day volumes (ADVs) likewise can be found in at $11.0 billion in June 2017, up 15.8 percent month-over-month from $9.5 billion each day in May 2017, and 4.8 percent greater on an annual basis.

Institutional volumes pullback

By extension, GTX, the electronic interactions network and institutional section of GAIN Capital’s business, saw its upward momentum snapped in June 2017. The group reported a reading of $238.1 billion for the month, which associates to a decrease of -3.7 percent month-over-month from $247.2 billion in May 2017. This figure is nevertheless greater by 12.2 percent greater year-over-year, relative to $212.3 billion in June 2016.

GAIN Capital’s swap dealership center likewise signed up an abrupt decrease in June 2017 with deals plunging -46.1 percent month-over-month to $32.0 billion, compared with $59.4 billion in May 2017.

On the other hand, futures trading handled to reach an overall of 582,598 agreements, a dive of 10.3 percent month-over-month when compared with 528,199 agreements in the month prior. The abovementioned Fed activity assisted play an essential function in futures trading throughout the month, with the remainder of the month being fairly lacking market chauffeurs with the summertime lull setting in throughout monetary markets.

Active accounts in the retail section amounted to 134,120 in June 2017, which is partially lower on an annual basis from 135,369 accounts in June 2016. Over this duration, futures trading accounts saw a more noticable decrease to 24,482 in June 2017, pulling away -19.9 percent lower when determined versus June 2016.

The current outcomes continue to see enhancements throughout Q2 2017 in the retail brokerage area, as FX volatility seems undoubtedly greater relative to Q1 2017.