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GAIN Capital Announces Monthly Metrics for September 2018

BEDMINSTER, N.J., Oct. 4, 2018 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP) ("GAIN" or "the Company") today reported certain operating metrics for the month of September 2018.


Sept-18

Aug-18

Sept-17

Sequential
Change

Year-over-
year change

Retail Segment






OTC Trading Volume(1)

$

149.6

$

174.6

$

202.6

(14.3)%

(26.2)%

OTC Average Daily Volume

$

7.5

$

7.6

$

9.6

(1.3)%

(21.9)%

12 Month Trailing Active OTC Accounts(2)

129,182

128,949

133,813

0.2%

(3.5)%

3 Month Trailing Active OTC Accounts(2)

71,597

73,144

82,275

(2.1)%

(13.0)%







Futures Segment






Number of Futures Contracts

554,687

576,140

478,196

(3.7)%

16.0%

Futures Average Daily Contracts

29,194

25,050

23,910

16.5%

22.1%

12 Month Trailing Active Futures Accounts(2)

7,550

7,546

8,056

0.1%

(6.3)%













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 25% of total retail OTC trading volume.

GAIN Capital Holdings, Inc. Logo. (PRNewsFoto/GAIN Capital Holdings, Inc.)

Management Commentary

"Generally lackluster trading conditions throughout the third quarter negatively impacted trading volumes in our retail and futures businesses across GAIN's global footprint," said Glenn Stevens, Chief Executive Officer. "However, while volumes were down, revenue per million increased to about $162 for the quarter. The increase in RPM was driven primarily by pockets of volatility in emerging market currencies, including the Turkish Lira, as trading in these products typically generates higher revenue capture for us.  Events in Turkey, as well as Argentina, during the quarter also had a ripple effect of a few brief periods of increased trading activity in EUR, GBP and Metals. The foregoing did not impact our Futures business, which saw revenue per contract of approximately $5.15 during the third quarter."

Additional Share Count Assumption Update

The Company also estimates its weighted-average common shares outstanding for the third quarter 2018 to be approximately 45.0 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.

Investor Relations Contact, Lauren Tarola, Edelman for GAIN Capital, +1 908.731.0737, ir@gaincapital.com; Media Contact, Nicole Briguet, Edelman for GAIN Capital, +1 212-704-8164, pr@gaincapital.com