Gain Capital Sees Growth in Trading Volume
Gain Capital, a retail brokerage firm, announced on Monday, for March 2019 that they’ve seen their first year-on-year decline in Trading. This time last year, the brokerage firm was reporting an OTC (Over-The-Counter) of $262.8 Billion. Unfortunately, for March on 2019, the company has shown an OTC of only $168.9 Billion. This is a 35.7% decrease in trading volume activity for the firm.
The daily average trading volume in March 2019 has been slightly decreased over March 2018. Gain Capital reported a daily OTC of $11.9 Billion, but for the same time this year they’ve reported only an $8 billion daily OTC. This is a 32.8% decline.
The Positive’s for Gain Capital
Looking at a month-to-month perspective in 2019, Gain Capital’s performance in March of this year is more efficient. By looking at this monthly point of view, you can see that the trading firms volumes have grown by 25.7%.
For example, in February of this year, the company reported at OTC Trading Volume of $134.4 Billion. However, in March the OTC raised to $168.9 Billion. Accounting for a 25.7% increase in trading volumes at Gain Capital, however, the misleading number of 28 days in the month could have somehow altered the trading volumes for February.
The lowered trading volumes for Gain Capital are to be expected though as trades are always low during the first quarter of the year. Brokers see a decline in foreign exchange markets. There have also been further declines in trades due to a leverage cap placed on retailers by the European Securities and Market Authority. This has driven down trading volumes for all brokers since August 2018.