Another month, another volume record.
Continuing what has been a very strong start to the year with record FX trading volumes reported in January, GTX – the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) – has reported that it beat those figures handily in February, and by a wide margin.
GTX ECN set an average daily volume record of $16.1 billion in February, beating the $13.9 billion record from last month by 16%. A total monthly ECN FX volume record of 2.7 billion was also set in February, despite the fewer number of trading days, beating January’s 5.0 billion. Heading into 2018, GTX’s previous record of 9.8 billion dates to August 2017.
| February 2018 | Total Volume | ADV | |
| ECN + SEF | 322,746 | 16,137.31 | |
| Swap Dealer | 53,702 | 2,685.11 | |
| Total | 376,448 | 18,822 | |
| % Change vs. January 2018 | Total Volume | ADV | |
| ECN + SEF | 6% | 16% | |
| Swap Dealer | -4% | 6% | |
| Total | 4% | 15% | |
| % Change vs. February 2017 | Total Volume | ADV | |
| ECN + SEF | 46% | 46% | |
| Swap Dealer | -13% | -13% | |
| Total | 33% | 33% |
The data presented includes GTX’s swap dealer business which provides “voice” agency execution services, representing about 20% of total volumes.
