BEDMINSTER, N.J., Jan. 10, 2018 /PRNewswire/ -- GAIN Capital
Holdings, Inc. (NYSE: GCAP) ("GAIN" or "the Company") today
reported certain operating metrics for the month of December 2017.
|
Dec-17
|
Nov-17
|
Dec-16
|
Sequential
Change
|
Year-over-
year change
|
Retail
Segment
|
|
|
|
|
|
OTC Trading Volume
(1)
|
$
|
163.6
|
|
$
|
207.0
|
|
$
|
189.1
|
|
(21.0)%
|
|
(13.5)%
|
|
OTC Average Daily
Volume
|
$
|
8.2
|
|
$
|
9.4
|
|
$
|
8.6
|
|
(12.8)%
|
|
(4.7)%
|
|
Active OTC Accounts
(2)
|
132,262
|
|
131,825
|
|
126,528
|
|
0.3%
|
|
4.5%
|
|
|
|
|
|
|
|
Institutional
Segment
|
|
|
|
|
|
ECN Volume
(1)
|
$
|
216.2
|
|
$
|
267.7
|
|
$
|
202.1
|
|
(19.2)%
|
|
7.0%
|
|
ECN Average Daily
Volume
|
$
|
10.8
|
|
$
|
12.2
|
|
$
|
9.2
|
|
(11.5)%
|
|
17.4%
|
|
Swap Dealer Volume
(1)
|
$
|
30.5
|
|
$
|
52.8
|
|
$
|
70.0
|
|
(42.2)%
|
|
(56.4)%
|
|
Swap Dealer Average
Daily Volume
|
$
|
1.5
|
|
$
|
2.4
|
|
$
|
3.2
|
|
(37.5)%
|
|
(53.1)%
|
|
|
|
|
|
|
|
Futures
Segment
|
|
|
|
|
|
Number of Futures
Contracts
|
516,691
|
|
582,340
|
|
549,363
|
|
(11.3)%
|
|
(5.9)%
|
|
Futures Average Daily
Contracts
|
25,835
|
|
27,730
|
|
26,160
|
|
(6.8)%
|
|
(1.2)%
|
|
Active Futures
Accounts (2)
|
7,838
|
|
7,885
|
|
8,368
|
|
(0.6)%
|
|
(6.3)%
|
|
|
|
|
|
|
|
_________________________________________
All volume figures reported in billions.
1 US dollar equivalent of notional amounts
traded.
2 Accounts that executed a transaction during the
last 12 months. For the quarter, indirect volume represented 29% of
total retail OTC trading volume.
Management Commentary
"Active accounts remained stable in December, while continued
low volatility and the holiday season impacted trading activity
across all business lines. The historically low market volatility
caused retail trading volume in December to decrease 5% over the
same month last year, with revenue capture for the fourth quarter
around 12 percent below the average RPM over the trailing
twelve-months ended September 30,
2017. We are well positioned when more normalized market
conditions return, and continue to make progress on our organic
growth initiatives, including the launch of Bitcoin trading in
December. In addition, we look forward to expanding our
cryptocurrency offering in the coming quarter. Finally, as a result
of our continued focus on expense management, we achieved our goal
of $15 million in run rate cost
savings during the full year."
Historical metrics and financial information can be found on the
Company's investor relations website http://ir.gaincapital.com.
This operating data is preliminary and subject to revision and
should not be taken as an indication of GAIN's financial
performance. GAIN undertakes no obligation to publicly update or
review previously reported operating data.
About GAIN
GAIN Capital Holdings, Inc. provides innovative trading
technology and execution services to retail and institutional
investors worldwide, with multiple access points to OTC markets and
global exchanges across a wide range of asset classes, including
foreign exchange, commodities, and global equities. GAIN
Capital is headquartered in Bedminster, New Jersey, with a global presence
across North America, Europe and the Asia
Pacific regions. For further company information, visit
www.gaincapital.com.
Forward-Looking Statements:
In addition to historical information, this release contains
"forward-looking" statements that reflect management's expectations
for the future. A variety of important factors could cause results
to differ materially from such statements. These factors are
noted throughout GAIN Capital's annual report on Form 10-K for the
year ended December 31, 2016, as
filed with the Securities and Exchange Commission on March 15, 2017, and include, but are not limited
to, the actions of both current and potential new competitors,
fluctuations in market trading volumes, financial market
volatility, evolving industry regulations, errors or malfunctions
in GAIN Capital's systems or technology, rapid changes in
technology, effects of inflation, customer trading patterns, the
success of our products and service offerings, our ability to
continue to innovate and meet the demands of our customers for new
or enhanced products, our ability to successfully integrate assets
and companies we have acquired, our ability to effectively compete,
changes in tax policy or accounting rules, fluctuations in foreign
exchange rates and commodity prices, adverse changes or volatility
in interest rates, as well as general economic, business, credit
and financial market conditions, internationally or nationally, and
our ability to continue paying a quarterly dividend in light of
future financial performance and financing needs. The
forward-looking statements included herein represent GAIN Capital's
views as of the date of this release. GAIN Capital undertakes no
obligation to revise or update publicly any forward-looking
statement for any reason unless required by law.
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SOURCE GAIN Capital Holdings, Inc.