Gain Capital Holdings Monthly Revenues Decline
Gain Capital Holdings Incorporated just revealed that their aggregated trading volumes for July in 2019 have dropped. The most recent fund’s report has been compared with the prior months of May and June, showing a slight dip in the value of 1.4%. Overall, in July, there was $135.8 Billion traded through their services. This is smaller than the $137.7 Billion earned in June of 2019. However, when compared to the monthly revenue earned in July of 2018, the revenue stream has dropped by 25.5%. In July 2018, Gain Capital Holdings Inc earned $182.3 Billion.
The average daily trading volumes were positioned at $5.9 Billion during July 2019. This is down by 14.5% in comparison to the $6.9 Billion earned daily during June this year. Every day, the revenues have dropped by 29%. Furthermore, the trading accounts active on Gain Capitals services dropped by 10% as well. In June 2019, the firm has 118+ accounts open. In July, those numbers dwindled to 117+ accounts. This is only a 1% decline inactive accounts, which shows most traders weren’t spending as much in July.
Future Contracts maintained with Gain Capital Holdings Incorporated dropped significantly by 30% for 2019. July dropped contracts down to 491,287 contracts. This is considerably lower than the 640,399 contracts the Gain had back in July 2018.
Gain Capital has been under significant financial stress in recent years. The second quarter of 2019 saw a yearly decline in revenues and contracts. This is primarily because of the product intervention measures that were imposed by the European Securities and Exchange Commission. Their annual revenues between the second quarter of 2018 and 2018 dropped by 10%, falling from $84.2 Million to $75.5 Million. It’s currently unknown as to what the company plans on doing to bounce back from their losses.