GAIN Capital GTX Posts Flat Volumes in November amid Compressed FX Volumes

[kreslik.news]

GAIN Capital’s electronic communications network GTX had a flat month in November. The firm’s institutional arm posted a total average daily volume of $14.6 billion last month. The figure was lower by 1 percent when compared to the previous month and higher by 2 percent when compared to a year ago.

Total monthly volumes amounted to $320.5 billion. The number that is higher by 2 percent year-on-year and lower by 1 percent month-on-month.

While GAIN Capital’s ECN and SEF volumes increased by 7 percent when compared to October, the company’s swap dealer platform underperformed, posting a 27 percent decline in transactions. On ... (read more)