Gain Capital forex volume metrics down 5% in July

Gain Capital forex volume metrics down 5% in July explained by professional Forex trading experts the “Gain Capital forex volume metrics down 5% in July” FX trading team.

Gain Capital forex volume metrics down 5% in July

Forex broker Gain Capital, which operates the retail Forex.com and institutional Gain GTX brands, reported that July forex volumes were down in July, for the second month in a row. Retail forex volume metrics were down from June by 8% to total $142 billion for the month, while institutional volumes dipped just 4% to $352 billion.

Despite the drops, volumes metrics at Gain Capital remain significantly above where they were last year. Retail volumes are about 50% higher, and institutional volumes 125% higher. And they should be heading even higher, all else being equal, once the Gain Capital acquisition of GFT closes, expected later this year.

Both Gain Capital (NYSE:GCAP) and rival FXCM (NYSE:FXCM) have seen their share prices go on a serious tear the past two months, hitting multi-year highs as Wall Street has woken up to the industry and become enamored with the prospects of the retail fx sector.

Gain Capital forex volume metrics down 5% in July Conclusion

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