BEDMINSTER, N.J., Jan. 8, 2019 /PRNewswire/ -- GAIN Capital
Holdings, Inc. (NYSE: GCAP) ("GAIN" or "the Company") today
reported certain operating metrics for the month of December 2018.
|
Dec-18
|
Nov-18
|
Dec-17
|
Sequential
Change
|
Year-over-
year change
|
|
Retail
Segment
|
|
|
|
|
|
|
OTC Trading
Volume(1)
|
$
|
192.6
|
|
$
|
207.2
|
|
$
|
163.6
|
|
(7.0)
|
%
|
17.7
|
%
|
|
OTC Average Daily
Volume
|
$
|
9.6
|
|
$
|
9.4
|
|
$
|
8.2
|
|
2.1
|
%
|
17.1
|
%
|
|
12 Month Trailing
Active OTC Accounts(2)
|
123,171
|
|
123,932
|
|
132,262
|
|
(0.6)
|
%
|
(6.9)
|
%
|
|
3 Month Trailing
Active OTC Accounts(2)
|
68,696
|
|
67,632
|
|
80,122
|
|
1.6
|
%
|
(14.3)
|
%
|
|
|
|
|
|
|
|
Futures
Segment
|
|
|
|
|
|
|
Number of Futures
Contracts
|
641,094
|
|
654,077
|
|
516,691
|
|
(2.0)
|
%
|
24.1
|
%
|
|
Futures Average Daily
Contracts
|
32,055
|
|
31,147
|
|
25,835
|
|
2.9
|
%
|
24.1
|
%
|
|
12 Month Trailing
Active Futures Accounts(2)
|
7,717
|
|
7,758
|
|
7,838
|
|
(0.5)
|
%
|
(1.5)
|
%
|
|
|
|
|
|
|
|
_________________________________________
|
|
|
All volume figures
reported in billions.
|
|
1 US
dollar equivalent of notional amounts traded.
|
|
2 Accounts that executed a
transaction during the relevant period. For the quarter, indirect
volume represented 24% of total retail OTC trading
volume.
|
Management Commentary
"December was marked by an increase in average daily volume,
both sequentially and year-over-year, to $9.6 billion, supporting an improvement in
metrics as compared to Q3 2018," said Glenn
Stevens, Chief Executive Officer of GAIN Capital. "With
volatility muted until the final weeks of the quarter, Q4 revenue
capture came in around $97 per
million. Additionally, we continued to see positive results from
our planned uplift in marketing, with spend increasing by around a
third in the fourth quarter and new accounts increasing for the
second consecutive quarter, which is expected to drive additional
volume and revenue in 2019."
Additional Share Count Assumption Update
The Company also estimates its weighted-average common shares
outstanding for the fourth quarter 2018 to be approximately 40.6
million shares.
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.
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SOURCE GAIN Capital Holdings, Inc.