Gain Capital (NYSE:GCAP) sees $212.5 billion retail and $494 billion institutional volume metrics in January.
What a great start to the year for Gain Capital, which owns the Forex.com and Gain GTX brands. After seeing volumes disappoint somewhat during Q4 after Gain closed its acquisition of GFT — sending its share price into a tailspin, losing down more than 30% from its September highs — Gain saw its volumes hit an all time record in January.
Institutional volumes impressed most, nearly crossing the magic $500 billion mark for the month — at $494 billion, 29% better than December.
Retail volumes were strong as well, coming in at a best-ever $212.5 billion, up 38% from December. Gain’s previous best for retail was $186 billion last October.
It looks like Gain Capital has successfully navigated the GFT acquisition, and we attribute some of the increase in Gain’s numbers to their successful onboarding of GFT clients. As we’ve written before, in retail forex acquisitions it isn’t always easy or automatic to keep the clients acquired. Clients might not like the new platform of the acquirer, and often move on to trade elsewhere.
We’ll soon see if Gain Capital’s rival FXCM had a similarly strong January. Stay tuned to LeapRate…
For the complete press release on Gain Capital’s January volume metrics click here.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.