Major ECNs Volumes Stall in February amid Disappointing Volatility

[kreslik.news]

Foreign exchange trading electronic communications networks (ECNs) have published their monthly numbers for February confirming what we already knew: the month of February has been relatively slow. GAIN Capital’s GTX, Fastmatch and CBOE’s Hotspot have all reported monthly declines amid lower volatility.

GAIN GTX

GAIN Capital’s institutional unit GTX marked a decline in February with average daily trading volumes hitting $14.2 billion per day. The figure is lower by 14 percent when compared to January 2017 but higher by 25 percent when compared to February 2016.

The annual increase is painting a positive picture for the outlook for GAIN Capital’s institutional arm. The company ... (read more)